Problem 15-10 (LO 15-5) Carney, Pierce, Menton, and Hoehn are partners who share profits and losses on a 4:32:1 basis, respectively. They are beginning to liquidate the business. At the start of this process, capital balances are Carney, capital Pierce, capital Menton, capital Hoehn, capital $70,000 30,000 53,000 23,000 Which of the following statements is true? Problem 15-10 (LO 15-5) Carney, Pierce, Menton, and Hoehn are partners who share profits and losses on a 4:32:1 basis, respectively. They are beginning to liquidate the business. At the start of this process, capital balances are Carney, capital Pierce, capital Menton, capital Hoehn, capital $70,000 30,000 53,000 23,000 Which of the following statements is true