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 350 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