Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company's common stock for $450,000 on January 2, 2015. During 2015, Darby Company declared dividends of $75,000 and reported earnings for the year of $300,000. Fair market value of the stock on 12/31/15 was $450,000.If Blanco Company appropriately used the fair value method of accounting for its investment in Darby Company, its Equity Investment (Darby) account on December 31, 2015 will be Select one:

a. $435,000

b. $495,000

c. $450,000

d. $510,000

e. $400,000