Table:
|  |  | For the fiscal year ended |  |
| --- | --- | --- | --- |
|  | June 1, 2019 | June 2, 2018 | June 3, 2017 |
| Net sales | $112,396 | $107,705 | $86,072 |
| Net income | 9,490 | 7,071 | 2,804 |
| Total assets | 128,470 | 134,056 | 131,871 |
| Total liabilities | 7,600 | 5,859 | 6,543 |
| Total equity | 120,870 | 128,197 | 125,328 |
Paragraphs:
3. Investment in Unconsolidated Entities
The Company has several investments in unconsolidated entities that are accounted for using the equity method of accounting. Red River Valley Egg Farm, LLC ("Red River") operates a cage-free shell egg production complex near Bogota, Texas. Specialty Eggs, LLC ("Specialty Eggs") owns the Egg-Land's Best franchise for most of Georgia and South Carolina, as well as a portion of western North Carolina and eastern Alabama. Southwest Specialty Eggs, LLC ("Southwest Specialty Eggs") owns the Egg-Land's Best franchise for Arizona, southern California and Clark County, Nevada (including Las Vegas). As of June 1, 2019, the Company owns 50% of each of Red River, Specialty Eggs, and Southwest Specialty Eggs. Equity method investments are included in “Investments in unconsolidated entities” in the accompanying Consolidated Balance Sheets and totaled $60.7 million and $64.2 million at June 1, 2019 and at June 2, 2018, respectively.
Equity in income of unconsolidated entities of $4.8 million, $3.5 million, and $1.4 million from these entities has been included in the Consolidated Statements of Operations for fiscal 2019, 2018, and 2017, respectively.
The condensed consolidated financial information for the Company's unconsolidated joint ventures was as follows (in thousands):
The Company is a member of Eggland’s Best, Inc. (“EB”), which is a cooperative. At June 1, 2019 and June 2, 2018, “Other long-term assets” as shown on the Company’s Consolidated Balance Sheet includes the cost of the Company’s investment in EB plus any qualified written allocations. The Company cannot exert significant influence over EB’s operating and financial activities; therefore, the Company accounts for this investment using the cost method. The carrying value of this investment at June 1, 2019 and June 2, 2018 was $2.6 million and $2.6 million, respectively.
Question:
Which method is used by the company to account for investments?
Answer: investment using the cost method