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Land, originally purchased for $$26,038,$ is sold for $$77,627$ in cash. What is the effect of the sale on the accounting equation?

a$.$ assets increase by $$77,627$; owner's equity increases by $$77,627$

b$.$ assets increase by $$77,627$; liabilities decrease by $$26,038$; owner's equity increases by $$51,589$

c$.$ assets increase by $$20,141$; no change in liabilities; owner's equity increases by $$77,627$

d$.$ assets increase by $$51,589$; owner's equity increases by $$51,589$