Fill in the blanks in the following statements:
a. Level 1: Fair values are determined based on _____________ for identical assets.
b. Level 2: Fair values are determined using _____________. Other observable inputs could include _____________ based on similar assets in other markets.
c. Level 3: Fair values are determined using _____________. For instance, fair values in this group could be estimated based on _____________, such as discounted cash flows.