O $20,000 Ontos Note On January 2, 2021 Pod Company purchased 25% of the outstanding common stock of lobs, inc. and by used the method to account for the restent During 2021. los reported net come of $40,000 and distributed dividends of $160.000. The ending balance in the investment in Jobs Company account at December 1, 2021 was $40.000 after oplying the equity method was the purchase price Pod Company paid for its investment in lobs, inc? 1.00 Select one a $340,000 $520.000 Oc760,000 od 59-40.000 O 5100,120 Sunston 6 Blanco Company purchased 200 of the 1,000 outstanding shares of Darty Company's common stock for $495.000 on January 2, 2021. During 2001, Darty Company decare 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 the fair value method of accounting for its investment in Darby Company, its Equity Investment (Daryl account net of any atution account on December 31, 2021 wil be its out of 20 Flag question Select one O a $480.000 O b. $495.000 O c $510.000 O d. 5555.000 O e $540,000 chased during the first year of operation. At year-end, the office supplies on hand were counted and the cost of