Arrange the steps of adjustment of partner's capital on the admission of a new partner in sequence.
1. Calculate the adjusted capital of old partners.
2. Calculate the proportionate capital of a new partner.
3. All adjustments should be made.
4. Calculate the total capital of new firm.
Select the correct answer:
A. 3, 1, 4, 2
B. 3, 4, 1, 2
C. 4, 3, 2, 1
D. 3, 4, 2, 1
Answer: Option A

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