Problem 13-3A (Direct Method) The income statement for Tremblant Limited is presented here: TREMBLANT LIMITED Income Statement Year Ended December 31, 2015 Service revenue Operating expenses Profit from operations Interest expense Profit before income tax Income tax expense Profit $914,600 716,700 197,900 74,650 123,250 38,390 $84,860 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 $56,490 13,660 35,240 18,060 12,830 7,000 4,980 $48,450 15,430 42,770 20,400 8,180 5,140 9,530