Presented below are balance sheet items for Wilson Company at December 31, 2009. 
Compute each of the following:
1. Total assets.
2. Total liabilities.
Definitions:
Tautological Consequent
A conclusion in a deductive argument that is true by definition or is logically unavoidable.
Tautology
A statement that is true in every possible interpretation, often repeating the same idea in different words unnecessarily.
Self-Contradictory Antecedent
A condition in a hypothetical statement that contradicts itself, making the statement impossible or illogical.
Tautology
A statement that is true by necessity or by virtue of its logical form, often repeating the same idea in different words without providing additional information.
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