Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company's common stock for $495,000 on January 2, 2021. During 2021, Darby Company declared dividends of $75,000 and reported earnings for the year of $300,000.Fair market value of the stock on 12/31/21 was $495,000.

If Blanco Company appropriately used thefair value methodof accounting for its investment in Darby Company, its Equity Investment (Darby) account (net of any valuation account) on December 31, 2021 will be

Select one:

a.$480,000

b.$495,000

c.$510,000

d.$555,000

e.$540,000