A spreadsheet modeler creates a spreadsheet to calculate each employee's total wages for a time period. After completing the model, the analyst feels there is an error. Interpret the auditing information shown below to determine which of the following statements is TRUE.

There is no error in the model.

The model is incorrect because it is using the wrong information for the employee hours.

The model is incorrect because it is using the wrong wage information.

The model is incorrect because it is using the wrong information for the employee hours and the model is incorrect because it is using the wrong wage information are both true.