Okay, we are tasked with adding 5023 and 4678. Let's begin!

Step 1: We'll start by adding the digits 3 & 8 in column 1 and get 11.
We'll write down the last digit 1 and carry the 1 to the next column.

Step 2: We'll start by adding the digits 2 & 7 in column 2 and get 10.
We'll write down the last digit 0 and carry the 1 to the next column.

Step 3: We'll start by adding the digits 0 & 6 in column 3 and get 7.

Step 4: We'll start by adding the digits 5 & 4 in column 4 and get 9.

So, 5023 + 4678 = 9701.

