The balance sheet of Fox Partnership at Septembe 30, 20XX shows:

Various assets 400,000

Various liabilities 100,000

Capital Thomas 120,000

Capital Renee 90,000

Capital Oscar 60,000

Capital Yvonne 30,000

The partners share income equally. Under a cash distribution plan, how would the fist $130,000 be distributed? (Points : 4)

$100,000 to creditors, $30,000 to Thomas

$100,000 to creditors, $30,000 equally among the four partners

$100,000 to creditors, $30,000 equally among Thomas, Renee, and Oscar

$100,000 to creditors, $20,000 to Thomas, $10,000 to Renee