QUESTION 16 DAC Foundation awarded Kent $75,000 in recognition of lifelong literary achiement. Kent was not required to render future services as a condition to receive the $75,000. What conditions must have been met for the award to be excluded from Kent's gross income? Kent was selected for the award by DAC without any action on Kent's part Pursuant to Kent's designation DAC paid the amount of the award either to a governmental unit or to a charitable organization Oll only Neither inor I and Tonly