Prepare the operating activities section of the statement of cash flows, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -45,000 or in parenthesis e.g. (45,000).)

Problem 13-3A (Indirect Method) The income statement for Tremblant Limited is presented here TREMBLANT LIMITED Year Ended December 31, 2015 Service revenue Operating expenses Profit from operations Interest expense Profit before income tax Income tax expense Profit $913,100 717,000 196,100 74,770 121,330 38,010 $83,320 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 $57,260 12,230 33,710 19,120 11,170 6,940 4,730 $53,880 15,270 40,300 20,170 8,070 5,120 9,560