Fig Company reported the following amounts on its balance sheet as of December 31, 20X9 and December 31, 20X8: 2019 2018 Cash and Receivables $175,000 $75,000 Merchandise Inventory 215,000 190.000 Property, Plant and Equipment, net 760,000 730,000 Total Assets $1,150,000 $995,000 Total Liabilities $465,000 $375,000 For the vertical analysis, what is the percentage of total liabilities for December 31, 20X8? 40.43% 37.69% 20.00% 100.00%