2,3 his Question: 3 pts 11 of 35 (5 coll $33,000 and promising to Rosewood Corporation purchased land for $140,000 by making a cash payment of pay the accounting equation? remaining amount in a later accounting period. What is the net effect of this transaction on Rosewood's O A. assets increase by $140,000 and liabilities decrease by $107.000 O B. assets increase by $140,000 and liabilities decrease by $33,000 O c. assets and equity increase by $107,000 O D. assets and liabilities increase by $107.000