Which of the following are differences between sole traders and limited liability companies?

(1) A sole traders financial statements are private and never made available to third parties; a companys financial

statements are sent to shareholders and may be publicly filed

(2) Only companies have share capital

(3) A sole trader is fully and personally liable for any losses that the business might make

(4) Only drawings would appear in a sole traders financial statements

A 1 and 4 only

B 2, 3 and 4

C 2 and 3 only

D 1, 3 and 4