IF statement containing four conditions but single answer (or blank)

Question

I am trying to get an IF statement containing four conditions to result in one answer (or blank).

Here is my formula:

=IF($L2=1,IF(AND($H2>=50,$O2>=5,$O2<8),"A: Priority 2",""))

Answer 1

Maybe:

=IF($L2=1,IF(AND($H2>=50,$O2>=5,$O2<8),"A: Priority 2",""),"")