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Land, originally purchased for $25,399, is sold for $77,274 in cash. What is the effect...

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Accounting

Land, originally purchased for $25,399, is sold for $77,274 in cash. What is the effect of the sale on the accounting equation? a . assets increase by $51,875 stockholders ' equity increases by $ 51,875 Ob. assets increase by $ 77,274 stockholders equity increases by $ 77,274 O c assets increase by $ 77.274 liabilities decrease by $ 25,399 stockholders ' equity increases by $ 51,875 assets increase by $ 19,199 no change in liabilities ; stockholders ' equity increases by $ 77,274

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