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can you give me the answer and explain why?also can you explain why C is incorrect. thx 26. | A corporation purchases land for $200,000

can you give me the answer and explain why?also can you explain why C is incorrect. thximage text in transcribed

26. | A corporation purchases land for $200,000 by paying a down payment of $20,000 and by signing a note payable for the remainder of the purchase price. Which of the following statements correctly shows the effect of this transaction on the accounting equation? Assets will increase by $200,000; liabilities will increase by $180,000 and stockholders' equity will increase by $20,000. Assets will increase by $180,000; liabilities will increase by $200,000 and stockholders' equity will decrease by $20,000. Assets will increase by $180,000; liabilities will remain unchanged and stockholders' equity will increase by $180,000. Assets will increase by $180,000; liabilities will increase by $180,000 and stockholders' equity remains unchanged. None of the choices are correct

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