If a parcel of land that was originally purchased for $85,000 is offered for sale at $150,000, is assessed for tax purposes at $95,000, is recognized by its purchasers as easily being worth $140,000, and is sold for $137,000. What is the effect of the sale on the accounting equation for the seller? Select one: a. Assets increase $52,000; owner's equity increases $52,000 b. Assets increase $85,000; owner's equity increases $85,000 c. Assets increase $137,000; owner's equity increases $137,000 d. Assets increase $140,000; owner's equity increases $140,000 e. None of these