Cash Flow statement problem using Direct Method.

Problem 13-3A (Direct Method) The income statement for Tremblant Limited is presented here: TREMBLANT LIMITED Income Statement Year Ended December 31, 201!5 Service revenue Operating expenses Profit from operations Interest expense Profit before income tax Income tax expense Profit $937,200 706,200 231,000 74,370 156,630 38,410 $118,220 Tremblant's statement of financial position contained these comparative data at December 31: 2015 2014 Accounts receivable Prepaid expenses Accounts payable Salaries payable Unearned revenue Interest payable Income tax payable $56,650 13,860 32,140 17,740 11,680 7,010 4,820 $52,810 15,700 40,860 20,940 8,410 5,010 9,150