ABC is a holding company. ABC owns 30% of the shares ofGoldman Corp, 20% of the shares of Nametach Corp, and 60% of the shares ofBell Corp.Matin is the controlling shareholder ofABC company, and owns 80% of the shares of ABC. With respect to the associations of these corporations, which of the following is correct?

1. Matin is associated with Belltech Corp. as per ITA256(1)(b)
2. AAB and Belltech Corp. are associated as per ITA256(1)(a)
3. Matin indirectly owns 24% of Goldman Corp, 16% of Nametech Corp, and100% of Belltech Corp
4. Matin indirectly owns0% of Goldman Corp, 0% of Nametech Corp, and100% of Belltech Corp