The Baltazar Córdova and Company Ltd. Society.

Owner of Distributor 'Chapinlandia'

Adjusted Balances Sheet
No. Count Must News
1 Box and Banks Q 123,892.94
2 Properties Q 762,000.00
3 Redistribution Vehicles Q 238,000.00
4 Organization Expenses Q 18,500.00
5 Goods Q 78,500.00
6 Management Balances Q 117,600.00
7 Sales Room Salaries Q 102,000.00
8 Administration Incentive Bonus Q 21,000.00
9 Sales Room Incentive Bonus Q 18,000.00
10 Employer Administrative Fees Q 14,899.92
11 Employer Installments Sales Room Q 12,923.40
12 Clients Q 43,600.00
13 Sales Q 1,000,561.68
14 Long-term Mortgages Q 100,000.00
15 Short-Term Mortgages Q 84,000.00
16 Stationery and Supplies (inventory) Q 3,200.00
17 Returns and Discounts on Sales Q 2,865.00
18 Short-Term Accounts Receivable Q 36,700.00
19 Stationery and supplies consumed Q 4,500.00
20 Legal Reserve Q 29,507.31
21 Rents Received Not Earned Q 19,600.00
22 Commissions Charged in Advance Q 3,800.00
23 Social Capital Q 300,000.00
24 Payable Documents in the Short Term Q 50,000.00
25 Propaganda Q 13,400.00
26 Packaging Material (inventory) Q 4,500.00
27 Depreciation Buildings Sales Room Q 16,002.00
28 Depreciation of Office Buildings Q 10,668.00
29 Depreciation of Delivery Vehicles Q 47,600.00
30 Amortization of Organization Expenses Q 3,700.00
31 suppliers Q 58,859.10
32 Tax Credit Q 1,200.83
33 Purchases Q 114,246.00
34 Interests Expense Q 33,696.00
35 Expenses on Purchases Q 3,875.00
36 Uncollectible Accounts Q 400.00
37 Discounted Documents Q 10,700.00
38 Packing Material Consumed Q 4,810.00
39 Estimation for Uncollectible Accounts Q 2,409.00
40 Returns and Discounts on Purchases Q 2,640.00
41 Anticipated Insurance Q 5,800.00
42 Expired Sales Room Insurances Q 6,960.00
43 Expired Administration Insurances Q 4,640.00
44 Accumulated Depreciation Buildings Q 80,010.00
45 Accumulated Depreciation Delivery Vehicles Q 142,800.00
46 Accumulated Amortization Organizational Expenses Q 11,100.00
47 ISR Quarterly for Acrediar Q 25,068.00
48 ISO for Accreditation Q 23,280.00
49 IUSI Sales Room Q 4,114.80
50 IUSI Offices Q 2,743.20
51 Employer and Labor Contributions Payable Q 3,202.50
52 ISO to be paid Q 2,910.00
53 Withholding Tax Payable on Purchases Q 7,935.00
54 IGSS to Pay Q 3,202.50
55 Rentals Received Q 14,000.00
56 ISR On Capital Income Q 2,352.00
Income Statement Summary
57 Earnings Before Tax and Reserve
58 ISR payable
59 Profit After Tax and Reserve
Totals Q 1,927,237.09 Q 1,927,237.09

Calculation of Income Tax (ISR)

Profit Before Tax and Reserves Q 452,106.36

× 25%
ISR payable Q 113,026.59

Profit Before Tax and Reserve Q 452,106.36

ISR payable Q 113,026.59
Q 339,079.77
× 5%
Legal Reserve Q 16,953.99
to those who opt for the regime of Articles 19 and 172 of the A.T Law
Income Statement General Balance
Should News Should News
Q 123,892.94
Q 762,000.00
Q 238,000.00
Q 18,500.00
Q 78,500.00 Q 76,400.00 Q 76,400.00
Q 117,600.00
Q 102,000.00
Q 21,000.00
Q 18,000.00
Q 14,899.92
Q 12,923.40
Q 43,600.00
Q 1,000,561.68
Q 100,000.00
Q 84,000.00
Q 3,200.00
Q 2,865.00
Q 36,700.00
Q 4,500.00
Q 46,461.30
Q 19,600.00
Q 3,800.00
Q 300,000.00
Q 50,000.00
Q 13,400.00
Q 4,500.00
Q 16,002.00
Q 10,668.00
Q 47,600.00
Q 3,700.00
Q 58,859.10
Q 1,200.83
Q 114,246.00
Q 33,696.00
Q 3,875.00
Q 400.00
Q 10,700.00
Q 4,810.00
A 2,409.00
Q 2,640.00
Q 5,800.00
Q 6,960.00
Q 4,640.00
Q 80,010.00
Q 142,800.00
Q 11,100.00
Q 25,068.00
Q 23,280.00
Q 4,114.80
Q 2,743.20
Q 3,202.50
Q 2,910.00
Q 7,935.00
Q 3,202.50
Q 14,000.00
Q 2,352.00
Q 641,495.32 Q 1,093,601.68
Q 452,106.36
Q 113,026.59
Q 322,125.78
Q 1,093,601.68 Q 1,093,601.68 Q 1,362,141.77 Q 1,362,141.77

Profit Before Tax and Reserve Q 452,106.36

ISR payable Q 113,026.59
Legal Reserve Q 16,953.99
Profit After Tax and Reserves Q 322,125.78
 Financial Statements Book
Income Statement
Distributor "Chapinlandia"
Exercise from January 1 to December 31, 2023 Figures in Quetzals
Operating Income
Gross Sales Q 1,000,561.68
(-) Returns and Discounts on Sales Q 2,865.00
Net Sales Q 997,696.68
Cost of Sales
Initial Inventory of Merchandise Q 78,500.00
Purchases Q 114,246.00
(+) Expenses on Purchases Q 3,875.00
Gross Purchases Q 118,121.00
(-) Returns and Discounts on Purchases Q 2,640.00
Net Purchases Q 115,481.00
Available Merchandise Q 193,981.00
(-) Final Inventory of Goods Q 76,400.00
Cost of goods sold Q 117,581.00
Gross Margin Q 880,115.68
Operating Expenses
Distribution Expenses
Sales Room Salaries Q 102,000.00
Sales Room Incentive Bonus Q 18,000.00
Employer Contributions Sales Room Q 12,923.40
Stationery and consumed supplies Q 4,500.00
Propaganda Q 13,400.00
Depreciation of Sales Room Buildings Q 16,002.00
Depreciation of Delivery Vehicles Q 47,600.00
Consumed Packaging Material Q 4,810.00
Expired Insurance of Sales Room Q 6,960.00
IUSI Sales Room Q 4,114.80 Q 230,310.20
Administrative Expenses
Administration Balances Q 117,600.00
Management Incentive Bonus Q 21,000.00
Employer Administration Fees Q 14,899.92
Depreciation of Office Buildings Q 10,668.00
Amortization of Organization Expenses Q 3,700.00
Bad Debts Q 400.00
Expired Management Insurance Q 4,640.00
IUSI of Offices Q 2,743.20 Q 175,651.12 Q 405,961.32
Positive Operating Result Q 474,154.36
Financial Expenses
Intereses Gasto Q 33,696.00
Positive Difference Q 440,458.36
Other Expenses
 ISR On Capital Income Q 2,352.00
Other Income
Rents Received Q 14,000.00
Profit Before Tax and Reserve Q 452,106.36
(-) ISR payable Q 113,026.59
(-) Legal Reserve Q 16,953.99
Profit After Tax and Reserve Q 322,125.78
 Financial Statements Book
General Balance Sheet
Chapinlandia Distributor
Exercise from January 1 to December 31, 2023 Figures in Quetzals
Active
No current
Real Estate Q 762,000.00
Accumulated Depreciation of Buildings Q 80,010.00 Q 681,990.00
Delivery vehicles Q 238,000.00
(-) Accumulated Depreciation Q 142,800.00 Q 95,200.00
Organization expenses Q 18,500.00
Accumulated Depreciation Q 11,100.00 Q 7,400.00 Q 784,590.00
Current
Realizable
Merchandise 76400
Packaging Material (inventory) Q 4,500.00
Stationery and supplies Q 3,200.00 Q 84,100.00
Demandable
Clients Q 43,600.00
Accounts Receivable C. P Q 36,700.00
Tax Credits Q 1,200.83
Advance Insurance Q 5,800.00
Quarterly ISR to be credited Q 25,068.00
ISO for Accreditation Q 23,280.00 Q 135,648.83
Available
Cash and Banks Q 123,892.94 Q 123,892.94 Q 343,641.77
Total assets Q 1,128,231.77
Net Worth
Net Worth
Social capital Q 300,000.00
Legal Reserve Q 46,461.30
Profit after tax and reserve Q 322,125.78 Q 668,587.08
Passive
No current
Long-term mortgages Q 100,000.00 Q 100,000.00
Current
Short-term mortgages
Rents received not accrued Q 84,000.00
Q 19,600.00
Commissions Charged in Advance Q 3,800.00
Documents to Pay to C. P Q 50,000.00
Suppliers Q 58,859.10
Documentos descontados Q 10,700.00
Estimation for uncollectible accounts Q 2,409.00
Employer and employee contributions payable Q 3,202.50
ISO to be paid Q 2,910.00
Withholding Tax on Purchases Q 7,935.00
IGGS to pay Q 3,202.50
ISR to Pay Q 113,026.59 Q 359,644.69 Q 459,644.69
Sum of Net Equity and Liabilities Q 1,128,231.77
 Settlement and Closing Statements
Distributor 'Chapinlandia'
P#1 3/2/2023
Profits and Losses Q 641,495.32
Goods Q 78,500.00
Management Balances Q 117,600.00
Sales Room Salaries Q 102,000.00
Management Incentive Bonus Q 21,000.00
Bonificación Incentvo Sala de Ventas Q 18,000.00
Employer Administration Fees Q 14,899.92
Employer contributions Sales Room Q 12,923.40
Returns and Discounts on Sales Q 2,865.00
Stationery and consumable items Q 4,500.00
Propaganda Q 13,400.00
Depreciation Buildings Sales Room Q 16,002.00
Depreciation of Office Buildings Q 10,668.00
Depreciation of Delivery Vehicles Q 47,600.00
Amortization of Organization Expenses Q 3,700.00
Purchases Q 114,246.00
Intereses Gasto Q 33,696.00
Expenses on Purchases Q 3,875.00
Bad Debts Q 400.00
Consumed Packaging Material Q 4,810.00
Expired Insurance for Sales Room Q 6,960.00
Expired Administration Insurance Q 4,640.00
IUSI Sales Room Q 4,114.80
IUSI Offices Q 2,743.20
ISR on Capital Income Q 2,352.00

Q 641,495.32 Q 641,495.32
P#2 3/2/2023
Merchandise Q 76,400.00
Sales Q 1,000,561.68
Returns and Discounts on Purchases Q 2,640.00
Received Rentals Q 14,000.00
Profits and Losses Q 1,093,601.68

Q 1,093,601.68 Q 1,093,601.68
P#3 3/2/2023
Cash and Banks Q 123,892.94
Real estate Q 762,000.00
Reallocation vehicles Q 238,000.00
Organization Expenses Q 18,500.00
Merchandise Q 76,400.00
Clients Q 43,600.00
Stationery and Supplies (inventory) Q 3,200.00
Short-term Accounts Receivable Q 36,700.00
Packing Material (inventory) Q 4,500.00
Tax Credit Q 1,200.83
Advance Insurance Q 5,800.00
Quarterly ISR for Acrediar Q 25,068.00
ISO for Certification Q 23,280.00
Long-term Mortgages Q 100,000.00
Short-Term Mortgages Q 84,000.00
Legal Reserve Q 46,461.30
Rent Received Not Earned Q 19,600.00
Commissions Charged in Advance Q 3,800.00
Social Capital Q 300,000.00
Short-Term Payable Documents Q 50,000.00
Suppliers Q 58,859.10
Discounted Documents Q 10,700.00
Estimate for Bad Debts Q 2,409.00
Accumulated Depreciation Buildings Q 80,010.00
Accumulated Depreciation of Delivery Vehicles Q 142,800.00
Accumulated Amortization of Organization Expenses Q 11,100.00
Employer and Labor Contributions Payable Q 3,202.50
ISO to Pay Q 2,910.00
Withholding Tax Payable on Purchases Q 7,935.00
IGSS to be paid Q 3,202.50
ISR payable Q 113,026.59
Profit After Tax and Reserve Q 322,125.78
Q 1,362,141.77 Q 1,362,141.77