Sales Refunds Payable, Allowance for Sales Discounts, and Inventory Returns Estimated are $3$ accounts needed in adjusting entries to ensure that Net Sales for the accounting period properly reflects all sales discounts, sales returns, and sales allowances related to Sales for the accounting period. Which of the account types correspond with the $3$ accounts?

Sales Refunds Payable Allowance for Sales Discounts Inventory Returns Estimated

Option $1$ contra liability contra revenue contra asset

Option $2$ liability asset asset

Option $3$ liability contra asset asset

Option $4$ contra asset revenue expense

Option $4$

Option $3$

Option $2$

Option $1$