Which of the following adjustment$/$preference items is also a deferral item for the purposes of the alternative minimum tax $($AMT$)?$

Incentive stock options $($ISO$)$ bargain element

Exclusion of gain from Section $1202$ qualified small business stock $($QSBS$)$

Percentage depletion treated as a tax preference for AMT

Group of answer choices

II and III

III only

I and II

I only