The income statement, balance sheet and additional data for Tiger Media follow. Tiger Media Income Statement Year Ended December 31, 2024 Revenue $203 Expenses: COGS $120 Salaries expense 25 Depreciation expense 5 Bad debt expense 1 Interest expense 8 Loss on sale of building 3 Income tax expense 16 Total Expenses 178 Net Income $25 Tiger Media Balance Sheet December 31, 2024 2024 2023 Assets Cash $33 $20 Accounts Receivable, net 47 49 Inventory 55 50 Long-term investment 15 10 Land 70 40 Buildings & Equipment 225 250 Less: Accum. Depreciation (25) (50) $420 $369 Liabilities Accounts payable $15 $25 Interest payable 4 2 Income tax payable 7 8 Long term notes payable 125 70 Equity Common Stock 226 220 Retained Earnings 43 44 Total Liabilities & Equity $420 $369 Additional data: a. New equipment was purchased for $15,000 cash. b. A building that originally cost $40,000 was sold for $7,000. c. Property was acquired by issuing a $30,000 note payable to the seller. d. The company issued a $25,000 long-term note payable. Prepare Tiger Medias statement of cash flows for the year ended December 31, 2024.

1. The income statement, balance sheet and additional data for Tiger Media follow. Additional data a. Nev cyunment was purcnasea ror $15,000 casn. b. A building that originally cost $40,000 was sold for $7,000. c. Property was acquired by issuing a $30,000 note payable to the seller. d. The company issued a $25,000 long-term note payable. Prepare Tiger Media's statement of cash flows for the year ended December 31, 2024