Land, originally purchased for $28,403, is sold for $75,020 in cash. What is the effect of the sale on the accounting equation? assets increase by $75,020; liabilities decrease by $28,403; stockholders' equity increases by $46,617 assets increase by $75,020; stockholders' equity increases by $75,020 assets increase by $46,617; stockholders' equity increases by $46,617 assets increase by $17,820; no change for liabilities; stockholders' equity increases by $75,020