If a parcel of land that was originally purchased for $85,000 is offered for sale at $150,000, is assessed for tax purposes at $95,000, is recognized by its purchasers as easily being worth $140,000 and is purchased for $137,000. What is the effect of the sale on the accounting equation for the seller?

A. Assets increase $137,000; owner's equity increases $137,000 B. Assets increase $85,000; owner's equity increases $85,000 C. Assets increase $52,000; owner's equity increases $52,000 D. Assets increase $140,000; owner's equity increases $140,000 E. None of the above