Reliable Moving Company reported the following amounts on its balance sheet as of December 31, 2019 and December 31, 2018: 2019 Cash and Receivables Merchandise Inventory Property, Plant and Equipment, net Total Assets Total Liabilities $135,000 185,000 780,000 $1,100,000 $435,000 2018 $135,000 150,000 740,000 $1,025,000 $465,000 For the vertical analysis, what is the percentage of total liabilities for December 31, 2018? (Round your answer to two decimal places.) O A. 45.37% O B. 39.55% O c. 29.03% OD 100.00%