Okay, we are tasked with adding 7423 and 7001. Let's begin!

Step 1: We'll start by adding the digits 3 & 1 in column 1 and get 4.

Step 2: We'll start by adding the digits 2 & 0 in column 2 and get 2.

Step 3: We'll start by adding the digits 4 & 0 in column 3 and get 4.

Step 4: We'll start by adding the digits 7 & 7 in column 4 and get 14.
We'll write down the last digit 4 and carry the 1 to the next column.

So, 7423 + 7001 = 14424.

