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Dancey. Reese, Newman, and Jahn were partners who shared profits and losses on a 4:2:22 basis, respectively. They were beginning to liquidate their business. At the start of the process. Capital account balances were as follows: Dancey, capital Reese, capital Newman, capital Jahn, capital $72,000 32,000 52,000 24,000 Which one of the following statements is true for a predistribution plan? Multiple Choice The first available $8,000 would go to Jahn The first available $15,000 would go to Newman The first available $8,000 would go to Newman The first available $4,000 would go to John Which one of the following statements is true for a predistribution plan? Multiple Choice The first available $8,000 would go to Jahn The first available $16,000 would go to Newman The first available $8,000 would go to Newman The first available $4,000 would go to John The first available $20,000 would go to Dancey