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$72,000reese, capital$32,000newman, capital$52,000jahn, capital$24,000which one of the following statements is true for a predistribution plan? a. the first available $16,000 would go to newman. the next $12,000 would go $8,000 to dancey and $4,000 to newman. the following $32,000 would be shared by dancey, reese, and newman. the total distribution would be $60,000 before all four partners share any further payments equally. b. the first available $16,000 would go to newman. the next $12,000 would go $8,000 to dancey and $4,000 to newman. the following $32,000 would be shared by dancey, reese, and newman. the total distribution would be $60,000 before all four partners share any further payments in their profit and loss sharing ratios. c. the first available $8,000 would go to newman. the next $4,000 would be split equally between dancey and newman. the following $12,000 would be shared by dancey, reese, and newman. the total distribution would be $24,000 before all four partners share any further payments equally. d. the first available $8,000 would go to newman. the next $4,000 would be split equally between dancey and newman. the following $12,000 would be shared by dancey, reese, and newman. the total distribution would be $24,000 before all four partners share any further payments in their profit and loss sharing ratios. e. the first $20,000 would go to newman. the next $8,000 would go to dancey. the next $12,000 would be shared by dancey, reese, and newman. the total distribution would be $40,000 before all four partners share any further payments equally.