As an object falls, how are kinetic and potential energy related?

Potential energy will decrease in an amount equal to the increase in kinetic energy.
These are different forms of energy that will increase or decrease independent of each other.
The amount of potential energy and kinetic energy each will remain the same.
Both potential energy and kinetic energy will increase equally as the object accelerates.

The correct answer is: Potential energy will decrease in an amount equal to the increase in kinetic energy.