10) Use the following to answer questions 10-11: Biden Company purchased 200 of the 1,000 outstanding shares of Sanders Company's common stock for $680,000 on January 2, 2018. During 2018, Sanders Company declared dividends of $125,000 and reported earnings for the year of $600,000. 10.1f Biden Company used the fair valuk method of accounting for its investment in Sanders Company, its Equity Investments (Sanders) account on December 31, 2018 should be $580,000. $660,000. OOOO $600,000. $680,000. 1 2 3 4 5 6 Next Previous