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 $927,800 714,800 213,000 75,580 137,420 37,340 $100,080 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 $57,840 13,340 35,910 18,370 11,220 6,690 4,950 $54,840 15,630 40,060 21,740 8,780 4,860 9,600