On December 31, 2020, Howard Enterprises of Montreal paid $12,000,000 for 100% of the outstanding shares of Healthy Eats Corp of the United States. Healthy Eats' fair values approximated its book values on that date.

Healthy Eats' comparative balance sheets for 2020 and 2021 are shown below followed by the 2021 Income Statement:

Balance Sheet as at December 31 (in U.S. Dollars) 2021 2020- Cash $1,500,000 $2,000,000- Accounts Receivable $6,500,000 $5,500,000