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	$	71,000
Pierce, capital		30,300
Menton, capital		54,000
Hoehn, capital		23,300

Which of the following statements is true?

The first available $7,400 will go to Menton.

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

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

The first available $5,300 will go to Hoehn.