Which sentence shows correct capitalization?

At the White House reception, the President and Vice President both looked great in their formal attire.

At the White House reception, the President and vice president both looked great in their formal attire.

At the White House reception, the President and vice President both looked great in their formal attire.

At the White House reception, the president and vice president both looked great in their formal attire.

At the White House reception, the President and Vice President both looked great in their formal attire.