Capital One, a prominent financial institution, has utilized SPEs for financing purposes. In the case of Capital One's SPEs, which primarily serve to securitize credit card receivables, assess the following statements and determine their accuracy:Statement $1$: Capital One's use of SPEs enables it to remove credit card receivables from its balance sheet, reducing its reported liabilities.Statement $2$: SPEs are typically corporations with stock ownership, allowing Capital One to consolidate their financial statements with its own.Statement $3$: Capital One's utilization of SPEs has no impact on its reported financial performance and risk exposure. a$.$ Statement $1$ and $3$ are accurate. b$.$ All statements are inaccurate. c$.$ Statement $1$ and $2$ are accurate. d$.$ Statement $2$ and $3$ are accurate.