Arrange the following steps for treating losses on dissolution in the correct order:
(i) Paid lastly by the partners individually in their profit sharing ratio
(ii) Paid first out of profits
(iii) Paid next out of capital of partners
1
(i), (ii), (iii)
2
(ii), (i), (iii)
3
(ii), (iii), (i)
4
(iii), (ii), (i)