Blanco company purchased 200 of the 1,000 outstanding shares of darby company's common stock for $600,000 on january 2, 2018. during 2018, 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 investments (darby) account at december 31, 2018 should be1. $580,000.2. $600,000.3. $660,000.4. $680,000.

Apractitioner is engaged to prepare a client's federal income tax return for 2017 and 2018. the practitioner files the 2017 return on the client's behalf and provided copies of the 2017 return and all related documents to the client. after the 2018 return is prepared, the client disputes the fees for the 2018 tax engagement, terminates the relationship, and requests all tax returns and related records. the client has not yet paid for preparation of the 2018 return. under irs circular 230, which records must the practitioner return to the client? a.) notes the practitioner took when meeting with the client about the 2017 and 2018 tax returns. b.) the engagement letter executed by the client for preparation of the 2018 federal income tax return. c.) an appraisal the practitioner prepared in connection with the 2017 federal income tax return. d.) schedules the practitioner prepared, which the client needs to file in its 2018 federal income tax return.