Show me the steps to solve Land, originally purchased for $$27,727,$ is sold for $$76,829$ in cash. What is the effect of the sale on the accounting equation?

a$.$ assets increase by $$76,829$; stockholders' equity increases by $$76,829$

b$.$ assets increase by $$20,304$; no change in liabilities; stockholders' equity increases by $$76,829$

c$.$ assets increase by $$76,829$; liabilities decrease by $$27,727$; stockholders' equity increases by $$49,102$

d$.$ assets increase by $$49,102$; stockholders' equity increases by $$49,102$