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	$	83,000
Pierce, capital		33,900
Menton, capital		66,000
Hoehn, capital		26,900

Which of the following statements is true?

Multiple Choice

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

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

The first available $8,900 will go to Hoehn.

The first available $12,200 will go to Menton.