Land, originally purchased for $26,232, is sold for $76,042 in cash. What is the effect of...

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Land, originally purchased for $26,232, is sold for $76,042 in cash. What is the effect of the sale on the accounting equation? O assets increase by $49,810; stockholders' equity increases by $49,810 assets increase by $17,355; no change for liabilities; stockholders' equity increases by $76,042 assets increase by $76,042; liabilities decrease by $26,232; stockholders' equity increases by $49,810 O assets increase by $76,042; stockholders' equity increases by $76,042 Land, originally purchased for $26,232, is sold for $76,042 in cash. What is the effect of the sale on the accounting equation? O assets increase by $49,810; stockholders' equity increases by $49,810 assets increase by $17,355; no change for liabilities; stockholders' equity increases by $76,042 assets increase by $76,042; liabilities decrease by $26,232; stockholders' equity increases by $49,810 O assets increase by $76,042; stockholders' equity increases by $76,042

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