Ex. 211 Presented below are balance sheet items for Wilson Company at December 31, 2011. Accounts payable$40,000Accounts receivable36,000Cash27,000Equipment57,000Common stock30,000Notes...

Ex. 211

Presented below are balance sheet items for Wilson Company at December 31, 2011.

Accounts payable$40,000
Accounts receivable36,000
Cash27,000
Equipment57,000
Common stock30,000
Notes payable50,000

Compute each of the following:
1.Total assets.
2.Total liabilities.