Directions: The sentence below may have an error of grammar or syntax. There are five options that seek to correct the error (including an option that simply repeats the sentence). Select the option that best corrects the sentence.

It is essential that all applications and transcripts are filed no later than July 1.

It is essential that all applications and transcripts are filed no later than July 1.

It is essential to file all applications and transcripts not later than July 1.

It is essential that all applications and transcripts be filed not later than July 1.

It is essential that all applications and transcripts be filed no later than July 1.