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A building is purchased by Pride Inc. for $280,000, on which there is a balance to be paid of $150,000. It is then sold by

A building is purchased by Pride Inc. for $280,000, on which there is a balance to be paid of $150,000. It is then sold by the company for $400,000 in cash. Pride Inc. pays off the loan balance owed. What is the effect of all these transactions on the total amount of the company's (1) Asset, (2) Liabilities, and (3) Stockholder's Equity?

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