Summary of Profit and Loss Information Related to Equity Accounted Investment

Summarized profit and loss information related to the equity accounted investment is as follows:

	2020		2019

Net sales	$	295,800	$	285,635
Net income	$	2,996	$	11,058

The following table summarizes the final purchase price allocation of the consideration paid to the respective fair values of the assets acquired and liabilities assumed in ENP Realty as of the acquisition date.

Investment eliminated upon consolidation	$	63,165

Assets acquired:
Cash		13,419
Building		630,000
Land		85,000
Liabilities assumed:
Accounts payable		(15,797	)
Long term debt		(450,000	)
Deferred income tax liability		(66,116	)
Total identifiable net assets:		196,506
Gain on acquisition of ENP Realty	$	133,341

Schedule of Fair Values of Assets Acquired and Liabilities Assumption

The following table summarizes the final purchase price allocation of the consideration paid to the respective fair values of the assets acquired and liabilities assumed in ENP Realty as of the acquisition date.

Investment eliminated upon consolidation	$	63,165

Assets acquired:
Cash		13,419
Building		630,000
Land		85,000
Liabilities assumed:
Accounts payable		(15,797	)
Long term debt		(450,000	)
Deferred income tax liability		(66,116	)
Total identifiable net assets:		196,506
Gain on acquisition of ENP Realty	$	133,341

Schedule of Equity Method Investment

A summary of the Company’s investment follows:

Balance, January 1, 2019	$	-
Acquisition		1,001,000
Gain in equity method investment		290,033
Return of equity		(150,000	)
Balance, December 31, 2019		1,141,033
Additional payments		2,518,684
Gain in equity method investment		809,342
Return of equity		(896,714	)
Balance, December 31, 2020	$	3,572,345