Land, originally purchased for $25,295, is sold for $77,848 in cash. What is the effect of the sale on the accounting equation? Oa. assets increase by $52,553; stockholders' equity increases by $52,553 Ob. assets increase by $77,848; liabilities decrease by $25,295; stockholders' equity increases by $52,553 Oc. assets increase by $77,848; stockholders' equity increases by $77,848 Od. assets increase by $18,722; no change in liabilities; stockholders' equity increases by $77,848