2. Which of the following statements is true assuming that the money Bonita received for the down payment for her house from her father was a gift rather than a loan? I. Bonita must pay a gift tax on the amount that exceeds the gift tax annual exclusion. ll. Her father should have led a gift-splitting election with the IRS to avoid incurring a gift tax liability. Ill. Bonita should have led a giftsplitting declaration with the IRS to avoid incurring a gift tax liability. IV. The basis in the house is increased by the amount of any taxes paid on the down payment gift. a." only b.| and I\" only C.\" and IV only d.||l and IV only e.l, Ill, and IV only