Which of the following is not a limitation of the balance sheet? 1. A. In periods of inflation, the amounts reported show the lack of purchasing power of the assets and liabilities. 2. B. Failure to include all of a company's economic resources and obligations. 3. C. Many of the amounts reported are based on estimates, which are subject to change valuing assets and liabilities. 4. D. Using historical costs do not help in assessing a company's future cash flows