Bill lent some money to his two brothers. He wrote down the amounts so he would not forget. The list shows his younger brother with −$12.75 and his older brother with $0. Which of the following statements best describes the amounts?

The younger brother paid Bill $12.75, and the older brother does not owe him any money.

The younger brother owes Bill $12.75, and the older brother does not owe him any money.

The older brother paid Bill $12.75, and the younger brother does not owe him any money.

The older brother owes Bill $12.75, and the younger brother does not owe him any money.