Fig Company reported the following amounts on its balance sheet as of December 31, 20X9 and December 31, 20X8: 2019 2018 Cash and Receivables $125,000 $95,000 Merchandise Inventory 225,000 250,000 Property, Plant and Equipment, net 750,000 730,000 Total Assets $1,100,000 $1,075,000 Total Liabilities $485,000 $435,000 For the vertical analysis, what is the percentage of total liabilities for December 31, 20X8? 44.09% 100.00% 40.47% O 21.84%