Land, originally purchased for $$25,232,$ is sold for $$77,436$ in cash. What is the effect of the sale on the accounting equation?

a$.$ assets increase by $$77,436$; owner's equity increases by $$77,436$

b$.$ assets increase by $$52,204$; owner's equity increases by $$52,204$

c$.$ assets increase by $$77,436$; liabilities decrease by $$25,232$; owner's equity increases by $$52,204$

d$.$ assets increase by $$20,073$; no change in liabilities; owner's equity increases by $$77,436$