Vande Velde Company made three investments during 2022. Rank these three investments in terms of the verifiability of fair value. (1) It purchased 1,000 shares of Sastre Company, a start-up company. Vande Velde made the investment based on valuation estimates from an internally developed model. (2) It purchased 2,000 shares of Fuji Film (JPN), which trades on the Nikkei. (3) It invested $10,000 in local development authority bonds. Although these bonds do not trade on an active market, their value closely tracks movements in U.S. Treasury bonds