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Land, originally purchased for $25,789, is sold for $76,317 in cash. What is the effect of the sale on the accounting equation? Oa, assets increase

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Land, originally purchased for $25,789, is sold for $76,317 in cash. What is the effect of the sale on the accounting equation? Oa, assets increase by 517,238; no change in liabilities; stockholders equity increases by 576,317 Ob. assets increase by 576,317; liabilities decrease by $25,789, stockholders' equity increases by $50,528 Oc assets increase by $50,528; stockholders' equity increases by 550,528 Od. assets increase by $76,317 stockholders' equity increases by 576,317

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