2019 Actual Results 2019 Planned $ % % Net Sales $19,233 100% $22,560 100% Cost of Goods Sold $10,100 51% Indirect Expenses $4,462 25% Direct Expenses $4,060 18% Profit $611 6% Based on above figures, which of the following statement is (are) true? Select the most complete, correct answer(s). (1) actual profit is below planned profit because actual cost of goods sold is higher than planned (2) actual profit is below planned profit because direct expenses are higher than planned (3) actual profit is above planned profit because net sales are lower than planned (4) actual profit is below planned profit because indirect expenses are higher than planned 1&2 1, 2, & 4 2 & 4