Explanation:

- Affected by window dressing: Companies might embellish their financials to show better short-term performance. Window dressing can make the company's financial condition look better than it is.

- Difficulty in forecasting: Past financial statements don't always reliably predict future performance. This makes forecasting future trends challenging.

- Do not reflect changes in price level: Financial statements often don't account for inflation and changing prices, impacting the accuracy and relatability of the data.

- All of the Above: This means each listed limitation affects financial statement analysis, indicating a broader issue with relying solely on these documents.

OPTION 4: All of the Above