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

$(1)$ Management's discussion and analysis $($MDBA$).$

$(2)$ Required supplementary information $($other than MDSA$)$

$(3)$ Basic financial statements and notes to financial statements.

Mulliple Choice

$1,2,$ and $3.$

$2$ and $3$

$1$nd $3.$