Land, originally purchased for $27,160, is sold for $77,145 in cash. What is the effect of the sale on the accounting equation? a. assets increate by $77,145; Fiabilities decrease by $27,160, sockholders equity increases by $49,985 X b. assets increase by 577.145 ; stockholders' equity increaves by $77,145 c. assets increase by $49.985; stockholders' equity increasen by $49.985 d. ussets incresie by 517,682 , no change in liabilities, stockholders' equity incteases by 577,145