Consider the following statements for a laced column:
1. The capacity of a laced column is taken as 1.05 times the actual capacity.
2. The lacing bar is designed for the condition that slenderness ratio should be less than 145.
3. Lacing are most effective when the angle of inclination of lacing bar with longitudinal axis is between 35∘ to 45∘.
4. For a single lacing system, the thickness of flat should not be less than 1/40th its effective length.
Which of the above statements are correct?