Mamma Ltd. had the following comparative statement of financial position: Mamma Ltd. Comparative Statement of Financial Position As at December 31 2020 2012 Cash $20,500 $12,500 Accounts receivable 34,000 25,500 Inventories 20.000 30.000 2,000 90,000 Prepaid insurance 2 500 Equipment 102,000 Accumulated depreciation equipment (500 Total assets S158500 10.500 $1300 S23000 $70,000 Accounts payable Wages payable 400 2.000 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 0 350 Bonds payable Common shares 65,000 64,650 28,500 18.000 Retained earnings $149.500 Total liabilities and shareholders equity $156,500 Tritional information 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