The income statement for Tremblant Limited is presented here:

Prepare the operating activities section of the statement of cash flows, using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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 $902,600 703,100 199,500 74,520 124,980 36,780 $88,200 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 $57,650 13,330 32,500 19,130 12,320 6,300 4,940 $52,400 15,670 40,470 20,800 8,500 4,860 9,640