The Bookkeeper for Wood Mfg -Refer to the Above Data

The bookkeeper for Wood Mfg. made the following journal entry on January 30, 2009:
$\begin{array}{|l|c|c|}\hline \text { Land} & 201,500 & \\\hline \text { Building . } & 84,500 & \\\hline \text { Cash } & & 65,000 \\\hline \text { Notes Payable} & & 221,000 \\\hline\end{array}$

-Refer to the above data. This transaction involves:

A) The sale of land and building for $286,000.
B) Payment of $221,000 on a note payable.
C) The receipt of $65,000 cash.
D) An increase in liabilities of $221,000.