D ADT PulsecT 5.5 pts Question 2 Comellis a building contractor who builds 25-30 homes a real estate broker who sells all of Cornell's hom year. Charlotte is a them Knowing that Charlotte and her husband enjoy skiing, he bought her a nice pair of skis and boots referred a couple to Cornell who wanted him to build a L The gitt appears to be a form of compensation. I. The skis are considered a gift for income tax purposes. IlI. Substance-over-form applies to this situation V. Char lotte recognizes gross income from the receipt of the skis. Only statement I is correct Only statement II s correct Statements I,IlI, and IV are correct. Statements II and IVare correct. Statements II,II, and IV are correct. D Question 3 5.5 p