Which of the following statements about the recording of period-end adjustments as part of the accounting process of prepaeing year-end financial statements ivare TruE? 1. A business will usually use an accounting equation worksheet to record period-end adjustments into the accounting system 2. A business may use an Extended Trial Balance Worksheet to incorporate period-end adjustments during the process of drafting the intormation to appear in the year-ond financial statements 3. When preparing an Extended Trial Balance Worksheet, it is to be expected that the DR and CR columns for the Adjusted Trial Balance wit balance but that the Income Statement and Statement of Financial Position columns will not balance until the figure for profit or loss for the year is caloulated and inserted. 4. Management will usualy have to make estimates and use their professional judgement based on knowledge of the business and economic environment in arriving at son of the amounts to be incorporated as period-end adjustments 2 only 3 only 2 and 3 only 2,3 and 4 only 1 and 3 only