3.    Blanco Company purchased 200 of the 1,000 outstanding…

3.    Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company’s common stock for $600,000 on January 2, 2025. In 2025, Darby declared dividends of $100,000 and reported earnings of $300,000. If Blanco uses the equity method of accounting for its investment in Darby Company, the balance in Equity Investments (Darby) at December 31, 2025 will be