This year, Tess and Jake set up an RESP for their infant daughter, Melissa, who was born three years ago in September. Tess and Jake each contributed $2,500 to the RESP. They have a combined family income of $100,000. What statements are FALSE? 1 Tess and Jake have made an excess contribution. 2 A Canada Education Savings Grant in the amount of $1,000 will be paid into Melissa's RESP. 3 Tess and Jake can continue contributing to the RESP until December 31st of the year in which Melissa turns 34 years of age. 4 Tess and Jake will incur a penalty if they withdraw their principal contributions for reasons other than for an educational assistance payment. 1, 2 and 4 1 and 4 2, 3 and 4 1 and 3