My question is whether in this circuit and when using V = IR, is Vtotal = Vsupply - (LED1fv + LED2fv) or is V just the sum of LED1fv + LED2fv? I'm pretty sure its Vsupply - (LED1fv + LED2fv) but I am getting hung up on the difference between the two. Also is Power calculation using the voltage source (Vsupply - Vforward voltages = LED1fv + LED2fv).

