Document for PETE G. CORRALES & CARMEN C. CORRALES TRUST Print

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                                1   Steven Urenda SBN 310849                                                                   F 1 L E D
                                                                                   SUPERIOR COURT OF CALIFORNIA
               Law Inc                                                              COUNTY OF SAN BERNARDINO
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     Gaudy                                                                           SAN 6ERNARDINO bI TRICT
     267 D Street

 3   Upland CA 91786                                                                         5 P         1202Q
     Tel   909 982 3199
 4   Fax     909 946 9449
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     Email     steven@gaudylaw com
 5                                                                                              S        A RAZO DEPUTY


 6   Attorney for Lonaine Corrales Trustee

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                             SUPERIOR COURT OF THE STATE OF CALIFORNIA

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                           COUNTY OF SAN BERNARDINO                          CENTRAL DISTRICT
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                                                                 Case No      PROPS 1100680

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               PETE G CORRALES AND                               FIRST ACCOUNT CURRENT AND REPORT
13             CARMEN C CORRALES                                 OF TRUSTEE
               REVOCABLE TRUST
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                                                                 Probate Code Sec           1060     1064 2320     17200

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                                                                 Date                       1
16                                                               Time                           7

                                                                Dept
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                                                                                            1

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               Respondent LORRAINE CORRALES                           hereafter    Trustee          as trustee of the PETE F

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     CORRALES AND CARMEN C CORRALES REVOCABLE TRUST hereinafter referred to as
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      Trust        a true and correct
                                        copy   of which   is   attached   hereto   as   E   ibit     A    hereby presents her
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     first account and report oftrustee for the period October 1 l 2011 through September 30 2019
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               Trustee respectfully represents
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                                                   Summary of Account
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               4         Trustee submits her First account current of the Trust covering the period
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     October 11 2011 through September 30 2019 attached hereto as Exhibit B
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               A Summary of Account supported by the schedules referred to in Exhibit B is as
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     follows
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                         CHARGES

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                                FIRST ACCOUNT CURRENT AND REPORT OF TRUSTEE
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             Beginning Assets         Schedule AA                                            2 595 000 0
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             Additional Assets Gained AA 1                                                      342 013 19
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             Receipts      Schedule A 1 A 2 A 3                                                 867 510 72
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             Gains    on   Sale    Schedule B 1   B 2                                           44 648 48
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             Unrealized Gains                                                                         0 00
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                                                            TOTAL CHARGES                   3 849 172 39
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                      CREDITS
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             Disbursements          Schedule C 1 C 2 C 3                                    1 523 959 06
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             Losses   on   Sale     Schedule D 1 D 2                                            51 268 20
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             Unrealized Losses                                                                       0 00
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             Distributions        Schedule E 1    E 2 E 3                                    896 745 66
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             Assets   on   Hand Schedule F                                                  1 377 199 45
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                                                            TOTAL CREDITS                   3 849 172 37
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             5        Probate Code        1064 Disclosures
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                      a           Sale Change in Assets       Probate Code   1064   a   1   Gains and Losses on
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      sales of assets are reflected in Schedules B 1 B 2 D 1 and D 2 ofthe attached account
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                      b           Unusual Items in Account       Probate Code   1064    a   2    There is a
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19    discrepancy between amounts received from the sale of the trust s real property and what was

20    used to fund the Trust s Morgan Stanley accounts totaling 381 855 As the records for these

21    transactions are unattainable due to how long ago the transactions occurred this discrepancy is

22    accounted for based on recollection and attorney work product prepared at or around the same
23    time as the transactions occurred


24                    The real property on hand at the of the accounting period located at 112 North

25    Huntington Drive Alhambra CA 91801 was estimated to be worth 800 000 at the beginning

26    of the accounting period Though the property has likely increased in value since the beginning
27    of the accounting period an appraisal has not been conducted As such the property is being
2s    given a value of 800 000 at the end ofthe accounting period


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                                  FIRST ACCOUNT CURRENT AND REPORT OF TRUSTEE