Which of the following are the penalty terms for L$1$ and L$2$ regularization respectively?Answer choicesSelect an optionBoth L$1$ and L$2$ regularization has the same penalty term i$,$e$,$ the absolute sum of the coefficientsThe absolute sum of the coefficients and the square of the magnitude of the coefficientsThe square of the magnitude of the coefficients and the sum of the coefficientsThe absolute sum of the coefficients and the square root of the magnitude of the coefficients