Need help with a problem: accounting transactions; assets, liabilities and stockholders' equity.?

A vacant lot acquired for $150,000, on which there is a balance owed of $80,000, is sold for $290,000 in cash. The seller pays the $80,000 owed. What is the effect of these transactions
on the total amount of the seller’s (1) assets, (2) liabilities, and (3) stockholders’ equity?
1 answer 1