Mamma Ltd. had the following comparative statement of financial position: Mamma Ltd. Comparative Statement of Financial Position As at December 31 2020 2019 $12,500 25,500 30,000 2,000 90,000 (12.500) $147.500 Cash $20,500 Accounts receivable 34,000 Inventories 20,000 Prepaid insurance 2,500 Equipment 102,000 Accumulated depreciation--equipment (22.500) Total assets $156,500 Accounts payable $23,000 Wages payable 4,000 Interest payable 2,000 Income taxes payable 4,000 Long-term debt 30,000 Bonds payable Common shares 65,000 $20,000 2,000 3,000 5,000 34,500 0 350 64,650 Retained earnings 28.500 18.000 onlinbilities and shareholders. SI56 500 S147.500 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