a. A vacant lot acquired for $83,000 cash is sold for $127,000 in cash. What is the effect of the sale on the total amount of the seller's assets, liabilities, and owner's equity? If the effect is no change, then enter a "o" in amount box. Enter all dollar amounts as positive numbers. Assets Liabilities Owner's equity b. Assume that the seller owes $52,000 for the land. After receiving the $127,000 cash in (a), the seller pays the $52,000 owed. What is the effect of the payment on the total amount of the seller's assets, liabilities, and owner's equity? If the effect is no change, then enter a "o" in amount box. Enter all dollar amounts as positive numbers Assets Liabilities Owner's equity