Explain how the Quotient of Powers property was used to simplify this expression. 2 to the fifth power, over 8 = 22

By finding the quotient of the bases to be one fourth and cancelling common factors
By finding the quotient of the bases to be one fourth and simplifying the expression
By simplifying 8 to 23 to make both powers base two and subtracting the exponents
By simplifying 8 to 23 to make both powers base two and adding the exponents