Dancey, Reese, Newman, and Jahn were partners who shared profits and losses on a 4:2:2:2 basis, respectively. They were beginning to liquidate their business. At the start of the process, capital balances were as follows: Dancey Capital:72,000 Reese Capital:32,000 Newman Capital:52,000 Jahn Capital:24,000 Which one of the following statements is true for a predistribution plan? A.The first available $16,000 would go to Newman