I. have no idea how to solve that. I have try everything I know. HELP PLEASE!

Effect of Transactions on Accounting Equation a. A vacant lot acquired for $440,500 is sold for $850,000 in cash. What is the effect of the sale on the total amount of the seller's (1) assets, (2) liabilities, and (3) owner'sequity? If there is no change, select 'No change' from the dropdown and then enter a '0' in the amount box. Effect Amount1. Total Assets Increased J $- 42. Total Liabilities No Change J $5] q3. Owner's Equity Increased V $- ¢ b. Assume that the seller owes $123,500 on a loan for the land. After receiving the $850,000 cash in (a), the seller pays the $123,500 owed. What is the effect of thepayment on the total amount of the seller's (1) assets, (2) liabilities, and (3) owner's equity? If there is no change, select 'No change' from the dropdown and then enter a'0' in the amount box. > Effect Amount 1. Total Assets Decreased J $ 286,000 X2. Total Liabilities Decreased J $ 286,000 x3. Owner's Equity No Change ¢ $5] y c. Is it true that a transaction always affects at least two elements (Assets, Liabilities, or Owner's Equity) of the accounting equation?No J