Two years ago, Alexandres purchased a television from TV Town for $500. Last year, he sold it to his friend Jason for $600. Just yesterday, Jason sold the same television back to Alexandres for $300....

Two years ago, Alexandres purchased a television from TV Town for $500. Last year, he sold it to his friend Jason for $600. Just yesterday, Jason sold the same television back to Alexandres for $300. In each case, the television was purchased for the purpose of personal use. Given this information and that both follows the principles taught so far, how many of the following statements must be true?

I. Jason's PIBP for the television when he purchased it last year was less than or equal to $600.

II. Alexandros's PIBP for the television when he purchased it from TV Town is less than his PIBP for the television when he purchased it from Jason yesterday.

a. T only

b. II only

c. Both I and II

d. Neither I nor II