The bookkeeper for Wood Mfg. made the following journal entry on January 30, 2009: Land 201,500 Building 84,500 Cash 65,000 221,000 Notes payable This transaction involves: Select one: a. The sale of land and building for $286,000. b. An increase in liabilities of $221,000. c. The receipt of $65,000 cash. d. Payment of $221,000 on a note payable