q30

Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company's common stock for $600,000 on January 2, 2013. During 2013. Darby Company declared dividends of $100,000 and reported earnings for the year of $400,000 If Blanco Company uses the equity method of accounting for its investment in Darby Company. its Equity investment (Darby) account at December 31,2013 should be $580,000 $600,000. $660,000. $680.000