Which of the Following Properties That Was Sold During January

Which of the following properties that was sold during January 2014 is Section 1231 property for Baylan Toy Manufacturing Corporation? I. Automobile purchased in 2009. II. Land used in the business since 2008. III. Factory building purchased and placed into service in May 2013. IV. Office building purchased and placed into service in June 2010.

A) Only statement I is correct.
B) Statements I, II, and IV are correct.
C) Statements III and IV are correct.
D) Statements II and III are correct.
E) Statements I, II, III, and IV are correct.