1. Which statements are generally CORRECT regarding penalties associated with IRA accounts? I. Distributions (not among the exceptions listed) made prior to 591/2 are subject to the 10% premature distribution penalty. II. There is a 50% excise tax on a required minimum distribution not made by April 1 of the year following the year in which age 7021 is attained (or age 72 if age 701/2 is attained after December 31,2019 ). A. 1 only. B. 2 only. C. Both 1 and 2 . D. Neither 1 nor 2