Effects of Transactions on Accounting Equation A vacant lot acquired for $526,500, on which there is a balance owed of $331,695, is sold for $579,150 in cash. The seller pays the $331,695 owed. What is the effect of these transactions on the total amount of the seller's (1) assets, (2) fiabilities, and (3) stockholders' equity? Enter all values and positive numbers. 1. Total assets 2. Total liabilities 3. Stockholders' equity decreased decreased increased decreased