Land, originally purchased for $28,940, is sold for $76,118 in cash. What is the effect of the sale on the accounting equation? Oa assets increase by $76,118; stockholders' equity increases by $76,118 Ob. assets increase by $76,118; liabilities decrease by $28,940; stockholders' equity increases by $17,178 Oc assets increase by $47,178; stockholders' equity increases by $47,178 Od, assets increase by $18,340; no change in liabilities; stockholders' equity increases by $76,118