Gloria cashed in $20,000 of Series EE US Savings Bonds and used all of the proceeds to pay qualified educational expenses for her daughter. Included in that amount was $2,500 of interest income. Gloria's modified AGI is $75,000. Which of the following is a correct statement regarding the excludability of interest income in this case? Gloria may exclude all of the savings bond interest in this case Gloria may exclude part of the savings bond interest in this case Gloria may not exclude the savings bond interest in this case none of the above