Effects of Transactions on Accounting Equation A vacant lot acquired for $375,500, on which there is a balance owed of $236,565, is sold for $563,250 in cash. The seller pays the $236,565 owed. What is the effect of these transactions on the total amount of the seller's (1) assets, (2) liabilities, and (3) stockholders' equity? Enter all values and positive numbers. 1. Total assets decreased 48,815 2. Total liabilities decreased $ 236,565 3. Stockholders' equity increased x