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Drump Township has received a donation of a rare painting worth $1,000,000. For Drump's government-wide financial statements, three criteria must be met before Drump can opt not to recognize the painting as an asset. Which of the following is notone of the three criteria? [2 points] (1.) The painting is held for public exhibition, education, or research in furtherance of public service, rather than financial gain. [2.) The painting is scheduled to be sold immediately at auction. [3.) The painting is protected, kept unencumbered, cared for, and preserved. 0 Item 2 is not one of the three criteria O Item 1 is not one of the three criteria O Item 3 is not one of the three criteria 0 None of the three items are required criteria 0 All three items are required criteria