Simplify the following text for a Grade 12 native English-speaking person.
Original: It is estimated that the impact responsible excavated about 1 % of the entire volume of Vesta , and it is likely that the Vesta family and V-type asteroids are the products of this collision .
Simplified: It is thought that the impact responsible blew up about 1 % of the entire volume of Vesta , and it is likely that a group of smaller asteroids known as the Vesta family are the remains of this collision .