May someone Explain to me the 4:3:2:1 method? Or explain how to do this problem?

A partnership is considering possible liquidation because one of the partners (Bell) is personally insolvent. Profits and losses are divided on a 4:3:2:1 basis, respectively. Capital balances at the current time are Bell, capital Hardy, capital Dennard, capital Suddath, capital $ 88,500 80,000 19,000 95,000 Bell's creditors have filed a $36,000 claim against the partnership's assets. The partnership currently holds assets of $450,000 and liabilities of $167,500. If the assets can be sold for $265,000, what is the minimum amount that Bell's creditors would receive? Multiple Choice $5,500 $14,500 $7,300