Presented below are items for Wilson Company at December 31, 2014. 
Compute each of the following:
1. Total assets.
2. Total liabilities.
Definitions:
Electronic Mail
A method of exchanging messages between people using electronic devices, commonly known as email.
Project Management
The practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria.
Proprietary Software
Software that is owned by an individual or company, with usage rights typically obtained through purchase or licensing.
Individual Users
Refers to single consumers or end-users who use products or services for personal, as opposed to commercial, purposes.
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