The Mustard City fund has formally integrated the budget into its accounting records. At the end of the third quarter the ledger account "Expenditures$--$salaries" has a $$100,000$ debit balance. Which of the following is a true statement?

The entity has $$100,000$ available to spend on salaries.

The entity has incurred salaries in the amount of $$100,000.$

The entity had paid salaries in the amount of $$100,000.$

The entity has overspent its budget for salaries by $$100,000.$