Mamma Ltd. had the following comparative statement of financial position: Mamma Ltd. Comparative Statement of Financial Position As at December 31 2020 2019 Cash $20,500 $12,500 Accounts receivable 34.000 25,500 Inventories 20.000 30,000 Prepaid insurance 2.500 2.000 Equipment 102.000 90,000 Accumulated depreciation-equipment (22,500) (12.500 Total assets $156,500 $147.500 Accounts payable $23,000 $20,000 Wages payable 4.000 2.000 Interest payable 2.000 3.000 Income taxes payable 4,000 5,000 Long-term debt 30.000 34.500 Bonds payable 0 350 Common shares 65,000 64.650 Retained earnings 28.500 18.000 Total liabilities and shareholders' equity$156,500 $147.500 Additional information: 1. Net income for the fiscal year was $13.500. 2. Equipment that costing $10,000 was sold for a gain of $1.000 during 2020. The equipment's accumulated depreciation was $7.000. 3. New debt amounting to 1,000 was incurred during the year. 4. Conversion of bonds payable to common shares for $350. Required: A. Prepare a statement of cash flows in good form using the indirect method. B. Discuss briefly your results