Mariposa CPAs acquired Stockton CPAs in December 20X4. Mariposa is considered the acquiring firm and Stockton is the acquired firm. The combined firms will continue as Mariposa \& Stockton, CPAs after the acquisition. Which of the following is TRUE regarding independence? I. If the acquiring firm provided prohibited nonattest services to an attest client of the acquired firm during the period covered by the financial statements, threats to compliance with the "Independence Rule" will not be at an acceptable level and cannot be reduced to an acceptable level by the application of safeguards. Accordingly, the acquiring firm's independence will be impaired with respect to the attest client. II. If the acquired firm provided prohibited nonattest services to an attest client of the acquiring firm prior to the financial statement period covered by the acquiring firm's next attest report, the acquiring firm's independence would be impaired. Ionly II only I and