Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company's common stock for $300,000...

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Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company's common stock for $300,000 on January 2, 2021. During 2021, Darby Company declared dividends of $75,000 and reported earnings for the year of $450,000. If Blanco Company used the equity method of accounting for its investment in Darby Company, its Equity Investment (Darby) account at December 31, 2021 should be: Select one: a. $435,000 O b. $450,000 c. $495,000 d. $510,000 O e. $375,000 Clear my choice Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company's common stock for $300,000 on January 2, 2021. During 2021, Darby Company declared dividends of $75,000 and reported earnings for the year of $450,000. If Blanco Company used the equity method of accounting for its investment in Darby Company, its Equity Investment (Darby) account at December 31, 2021 should be: Select one: a. $435,000 O b. $450,000 c. $495,000 d. $510,000 O e. $375,000 Clear my choice