Which of the following conditions must be true for the executor to value the estate assets within six months after the decedent’s death?

I. The value of the estate must not exceed $5,490,000

II. The executor of the decedent’s estate makes the alternate valuation date election

III. None of the property included in the gross estate is sold or distributed within six months of the date of death

a. II only

b. II and III only

c. I and II only

d. All of the above