Use the following financial information to calculate the owner's equity and prepare a balance sheet with vertical analysis as of December $31,2018,$ for Victory Lane Sporting Goods, a sole proprietorship owned by Kyle Pressman: current assets, $$157,700$; property, plant, and equipment, $$42,000$; investments and other assets, $$35,800$; current liabilities, $$21,100$; and long$-$term liabilities, $$54,400.($Round percents to one decimal.$)$

Victory Lane Sporting Goods

Balance Sheet

December $31,2018$

Assets

Current Assets $

$157700$

Correct: Your answer is correct.

$\%$

Property, Plant, Equipment $

$42000$

Correct: Your answer is correct.

$\%$

Investments & Other Assets $

$35800$

Correct: Your answer is correct.

$\%$

Total Assets $

$235500$

Correct: Your answer is correct.

$\%$

Liabilities & Owner's Equity

Current Liabilities $

$21100$

Correct: Your answer is correct.

$\%$

Long$-$Term Liabilities $

$54400$

Correct: Your answer is correct.

$\%$

Total Liabilities $

$75500$

Correct: Your answer is correct.

$\%$

Owners Equity $

$160000$

Correct: Your answer is correct.

$\%$

Total Liabilities

& Owner's

Equity $

$235500$

Correct: Your answer is correct.

$\%$