Based on the following trial balance of XYZ Company as of December 31, 2023:

Account	Debit ($)	Credit ($)
Cash	$30,000	-
Accounts Receivable	$25,000	-
Inventory	$15,000	-
Prepaid Rent	$3,000	-
Equipment	$80,000	-
Accumulated Depreciation	-	$8,000
Accounts Payable	-	$12,000
Salaries Payable	-	$3,000
Common Stock	-	$40,000
Retained Earnings	-	$20,000
Sales Revenue	-	$120,000
Cost of Goods Sold	$45,000	-
Rent Expense	$8,000	-
Salaries Expense	$20,000	-
Utilities Expense	$4,000	-
Depreciation Expense	$4,000	-
Interest Expense	$1,500	-
Income Tax Expense	$6,000	-

a. Prepare a cash flow statement using the direct method for the year ended December 31, 2023. b. Analyze the operating cash flow and explain its significance for assessing financial health. c. Calculate the free cash flow and discuss its implications for future growth and investment opportunities.