Andre, Floyd, and Wlad are in a partnership, selling sports equipment, and they share their profits/losses in the ratio of 2:2:1, respectively. At 31 December 2019, the financial year-end of the partnership, they decided to liquidate the partnership, piecemeal as from 1 January 2020. They agreed that they will start to repay the creditors after the first sale of the assets, and as soon as any cash becomes available for an interim distribution to the partners, it will be distributed according to the loss absorption capacity method. They also agreed that the capital deficit of an insolvent partner will be borne by the remaining solvent partners according to their profit-sharing ratio. At 31 December 2019, the balances of the accounts in the general ledger of the partnership were as follows: Debit R Credit R 45 000 45 000 45 000 15 000 10 000 Capital: Andre. Capital: Floyd Capital: Wlad. Current account: Andre Current account: Floyd Current account: Wlad. Goodwill. Trade payables control. Furniture and equipment at carrying amount Accumulated depreciation: Equipment Bank 8 000 24 000 140 000 340 000 108 000 2 000 391 000 391 000 Transaction method 1. The furniture and equipment were sold as follows: Carrying amount Selling price R R 15 January 2020 10 000 8 000 22 January 2020 120 000 150 000 31 January 2020 102 000 85 000 232 000 245 000 Taken over by Wlad Cash Cash 2. Five percent discount was received when the creditors were paid. Indicate the alternative that correctly shows the credit balances of the capital accounts, immediately prior to the calculation of the distribution of the available cash in respect of the first interim repayment to the partners on 22 January 2020. 1. Andre, R8 400; Floyd, R13 400 and Wlad, R32 200 2. Andre, R20 400; Floyd, R25 400 and Wlad, R48 200 3. Andre, R34 400; Floyd, R39 400 and Wlad, R47 200 4. Andre, R35 200; Floyd, R40 200 and Wlad, R45 600