Hi, I've had some trouble with my accounting homework. Could you please help me figure out the ones that are marked incorrect?

M. Lieberthal Inc. M. Lieberthal Inc. Income Statement Comparative Balance Sheets For years ended December 31, 2017 and 2018 December 31, 2018 and 2017 2018 2017 Change 2018 2017 Current assets: Sales (all on credit) $711,000 $675,000 Cash $75,900 $35,700 $40,200 Accounts receivable Cost of goods sold (371,000) (304,000) 46,000 38,000 8,000 (net) Gross margin 340,000 371,000 Inventory 50,000 48,000 2,000 Prepaid expenses 1,900 4,200 -2,300 Depreciation 38,000 53,000 Other current assets 2,690 4,100 -1,410 expense Other operating 153,000 127,000 Total current assets 176,490 130,000 46,490 expenses Total operating 191,000 180,000 expenses Operating income 149,000 191,000 Long-term Investments 89,000 62,000 27,000 Plant assets 314,000 263,000 51,000 (5,100) (80,400) (53,000) 27,400 Other income (expenses) Interest expense Gain on sale of investments Loss on sale of plant assets Total other income (expenses) Less: accumulated (3,800) depreciation 4,900 Total plant assets 7,000 233,600 210,000 23,600 (4,200) (5,000) Total assets 499,090 402,000 97,090 (16,300) (3,900) Current liabilities: 146,700 187,100 Accounts payable $31,300 $32,000 $-700 Income before income taxes Income taxes expense Net income Accrued liabilities 3,600 3,000 600 (44,010) (56,130). $102,690 $130,970 Income taxes payable Total current liabilities 13,000 3,500 38,400 48,000 -9,500 -9,600 190,000 66,000 238,000 56,400 M. Lieberthal Inc. Long term liabilities: Statement of Retained Earnings Notes Payable 256,000 For the year ended December 31, 2018 Total liabilities 294,400 2018 2017 Ret. earnings, Jan. 1 $26,000 $0 Stockholders' equity Common stock, $5 par Add: net income 102,690 130,970 110,000 value Deduct: Dividends (62,000) (104,970). Additional paid-in capital 28,000 Increase in retained 40,690 26,000 Retained earnings 66,690 earnings Ret. earnings, Dec. $66,690 $26,000 Total stockholders' equity 204,690 31 Total liabilities and $499,090 stockholders' equity 110,000 0 28,000 0 26,000 40,690 164,000 40,690 $402,000 $97,090 22,000 22,000 Other information: Shares of common stock outstanding Earnings per share Dividends per share Market price per share, common stock $4.67 $2.82 $5.95 $4.77 $16 $12 Cash Flows from Oper Horiz Analysis Horiz Analysis Vertic Analysis Vertic Analysis Inc St Bal St Inc St Bal Sheet Ratios Requirement Prepare the cash flows from operations section of M. Lieberthal Inc.'s 2018 statement of cash flows using the indirect method. Enter items to be subtracted as negative values. M. Lieberthal Inc. Cash Flows from Operating ActivitiesIndirect Method For Year Ended December 31, 2018 Cash flows from operating activities: Net income $ 102,690 Adjustments to reconcile net income to net cash provided by operations: Add: Depreciation expense $ 38,000 Add: Interest expense 5,100 Add: Gain on sale of investments x (7,000) Less: Loss on sale of plant assets 4,200 Add: Accounts receivable increase (8,000) Add: Inventory increase (2,000) Less: Prepaid expenses decrease x 2,300 Less: Other current assets decrease x Less: Accounts payable decrease (700) Add: Accrued liabilities increase 600 Less: Income taxes payable decrease (9,500) 24,410 Net cash provided by operating activities $ 127,100 1,410 Cash Flows from Oper Horiz Analysis Inc St> *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. Cash Flows from Oper Horiz Analysis Horiz Analysis Vertic Analysis Vertic Analysis Inc St Bal St Inc St Bal Sheet Ratios Requirement Prepare a vertical analysis on the partial balance sheets for 2017 and 2018. Enter decreases as negative amounts/percents. M. Lieberthal Inc. Partial Balance Sheet (Horizontal Analysis) For the years ended December 31, 2018 and 2017 Increase/decrease 2018 2017 Amount Percent Current assets: $ 75,900 $ 112.60% X 40,200 8,000 21.05% Cash Accounts receivable (net) Inventory Prepaid expenses Other current assets 46,000 50,000 1,900 35,700 38,000 48,000 4,200 4.17% 2,000 (2,300) (1,410) 46,490 2,690 4,100 130,000 (54.76)% (34.39)% 35.76% Total current assets 176,490 Long-term investments 89,000 62,000 27,000 43.55% 51,000 19.39% Plant assets Less: accumulated depreciation Total plant assets Total assets 314,000 263,000 (80,400) X (53,000) X 233,600 210,000 $ 499,090 $ 402,000 $ 27,400 23,600 97,090 (51.70)% X 11.24% 24.15% Cash Flows from Oper Horiz Analysis Horiz Analysis Vertic Analysis Vertic Analysis Inc St Bal St Inc St Bal Sheet Ratios Requirement Prepare a vertical analysis on the partial income statements for 2017 and 2018. M. Lieberthal Inc. Partial Income Statement (Vertical analysis) For the years ended December 31, 2018 and 2017 2018 % 2017 % Sales 100.00% $ 711,000 (371,000) 1,082,000 100.00% (52.18)% 152.18% X $ 675,000 (304,000) 979,000 (45.04)% 145.04% Cost of goods sold Gross margin Expenses Depreciation expense Other operating expenses Total operating expenses Operating income 5.34% 7.85% 53,000 127,000 21.52% 18.81% 38,000 153,000 191,000 $ 891,000 26.86% 26.67% 180,000 799,000 125.32% $ 118.37% Horiz Analysis Bal St Vertic Analysis Bal Sheet> *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted