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 as follows:

Carney, capital	$	61,000
Pierce, capital		27,300
Menton, capital		44,000
Hoehn, capital		20,300

Which of the following statements is true?

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 $3,400 will go to Menton.

The first available $2,300 will go to Hoehn.