2. Which of the following statements regarding the income approach of appraisal is FALSE? (1) Net operating income is a measure of return on the property's entire value, before financing is considered. (2) Items specific to an owner or investor are omitted in the calculation of net operating income. (3) Net operating income does not consider depreciation, income tax, or debt service. (4) The income approach of appraisal is only used for apartment buildings