Which of the following details can be obtained by Annual financial statement? 1. Government forecasts of receipts and payments for the next year 2. An outline of the results of the last financial year compared with the previous budget estimates 3. Proposed changes in taxes and expenditure allocations

• A. 1 only              
• B.        1 and 2
• C. 3 only              
• D.        1, 2 and 3