The true statements about the situation are:
- The water level is falling.
- The initial level of water in the pool was \( 3500 \) units.
- The pool was empty after approximately \( 15.56 \) hours.
- The water was \( 2600 \) units high after \( 4 \) hours.
The answer is:
\[
\boxed{\text{The water level is falling, the initial level is } 3500, \text{ the pool is empty after } 15.56 \text{ hours, and the level after 4 hours is } 2600.}
\]