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	$	66,000
Pierce, capital		28,800
Menton, capital		49,000
Hoehn, capital		21,800

Which of the following statements is true?

Multiple Choice

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

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

c. The first available $3,800 will go to Hoehn.

d. The first available $5,400 will go to Menton.