SJ, Inc. covered the following employees under a qualified plan. Joan, a 9% owner and employee with compensation of $30,000. Lind, a commissioned salesperson with compensation of $160,000 last year (the highest paid employee). Reilly, the chief operating officer, who had compensation of $137,000 last year but was not in the top 20% of paid employees. Garner, the president, who was in the top 20% of paid employees with compensation of $195,000. Assuming the company made the 20% election when determining who is highly compensated, which of the following statements is correct? Exactly three people are key employees. Exactly two people are highly compensated. Lind is a key employee but is not highly compensated. Reilly is neither highly compensated nor a key employee