Which of the following statement(s) is/are false? 1. Statement of cash flows reports the impact of a firm's activities on cash flows over a given period of time. II. Income statement provides a snap-shot of a firm's outstanding revenues and expenses at the end of the year. III. The Cost of goods sold can be found on a firm's balance sheet under current liabilities. I only Oll only O ill only O I and Ill only O None of the above choices