Land, originally purchased for $$27,262,$ is sold for $$75,204$ in cash. What is the effect of the sale on the accounting equation?

a$.$ assets increase by $$75,204$; liabilities decrease by $$27,262$; owner's equity increases by $$47,942$

b$.$ assets increase by $$47,942$; owner's equity increases by $$47,942$

c$.$ assets increase by $$75,204$; owner's equity increases by $$75,204$

d$.$ assets increase by $$17,353$; no change in liabilities; owner's equity increases by $$75,204$