A corporation donates a valuable painting from its private collection to an art museum. Which of the following are incremental cash flows associated with the donation? 1. The price the firm paid for the painting II. The current market value of the painting III. The deduction from income that it declares for its charitable gift IV. The reduction in taxes due to its declared tax deduction A. I, II, III B. II and IV C. I, III, IV D. All of the above