A) The first available $8,600 will go to Menton.

B) Carney will collect a portion of any available cash before Hoehn receives money.

C) The first available $6,200 will go to Hoehn.

D) Carney will be the last partner to receive any available cash.

Carney, Pierce, Menton, and Hoehn are partners who share profits and losses on a 4:3:2:1 basis, respectively. They are beginning to liquidate the business. At the start of this process, capital balances are Carney, capital Pierce, capital $74,000 31,200 Menton, capital Hoehn, capital 57,000 24,200 Which of the following statements is true