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	$	85,000
Pierce, capital		34,500
Menton, capital		68,000
Hoehn, capital		27,500

Which of the following statements is true?

Multiple Choice

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

b. The first available $9,500 will go to Hoehn.

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

d. The first available $13,000 will go to Menton.