Which of the following statements about Time Ranges is FALSE?

$1.$Time Ranges can have their own Summary Method settings, Quarter Totals, Half$-$year totals.

$2.$Time Ranges will automatically switch over when you update your current fiscal year.

$3.$Time Ranges must be in the same calendar type as the model calendar.

$4.$Time Ranges can exist outside the model calendar timescale. For

$*$example$,$ if the Model Calendar is FY$17-$FY$19,$ a Time Range can be used for FY$20-$FY$22.$