HH123 is a corporation, organized and operating with an educational purpose. Assets are less than $500,000, and gross receipts are between $50,000 and $150,000. They have filed Form 1023 and are waiting for the IRS determination. While their application is pending, which annual return should be filed?

No return is required while the application is pending.

Form 1041.

Form 1120.

Form 990-EZ.