The Earth's surface receives maximum energy at 12 noon but the maximum temperature never occurs at 12 noon. State which of the following reasons are correct.

1. Transformation of solar energy into heat requires some time.
2. The loss of energy through long-wave radiations from the Earth's surface exceeds the energy received from the Sun at 4.00 p.m.
3. Energy received by the Earth from solar radiations continues to exceed the energy lost by outgoing long-wave radiations from the Earth's surface up to 4.00 p.m.

Select the correct answer using the code given below: