Step 1: Pink: 4, PaleGreen: 1, LightSkyBlue: 2, Gold: 0

Step 2: Pink: 4, PaleGreen: 2, LightSkyBlue: 2, Gold: 0

Step 3: Pink: 4, PaleGreen: 3, LightSkyBlue: 4, Gold: 0

Step 4: Pink: 4, PaleGreen: 4, LightSkyBlue: 4, Gold: 0

Step 5: Pink: 4, PaleGreen: 5, LightSkyBlue: 6, Gold: 8

Step 6: Pink: 4, PaleGreen: 6, LightSkyBlue: 8, Gold: 8

Step 7: Pink: 4, PaleGreen: 7, LightSkyBlue: 10, Gold: 8

Step 8: Pink: 8, PaleGreen: 8, LightSkyBlue: 10, Gold: 8

Step 9: Pink: 8, PaleGreen: 9, LightSkyBlue: 12, Gold: 8

Step 10: Pink: 8, PaleGreen: 10, LightSkyBlue: 14, Gold: 8

Step 11: Pink: 8, PaleGreen: 11, LightSkyBlue: 14, Gold: 8

Step 12: Pink: 8, PaleGreen: 12, LightSkyBlue: 14, Gold: 16

Step 13: Pink: 8, PaleGreen: 13, LightSkyBlue: 16, Gold: 16

Step 14: Pink: 8, PaleGreen: 14, LightSkyBlue: 18, Gold: 16

Step 15: Pink: 8, PaleGreen: 15, LightSkyBlue: 18, Gold: 16

Step 16: Pink: 12, PaleGreen: 16, LightSkyBlue: 20, Gold: 16

The race is over and it is LightSkyBlue for the win!