Which of the following is a section of the financial section of he comprehensive annual financial report (CAFR) of a state or local government?

(1) Management's discussion and analysis (MD&A)

(2) Required supplementary information (other than MD&A)

(3) Basic financial statements and notes to financial statements

a. 1 and 2

b. 2 and 3

c. 1 and 3

d. 3 only

e. 1, 2, and 3