Given below are two statements:

Statement I: (49)10 = (31)16 = (00110001)2

Statement II: (7B)16 = (01111011)= (123)10

In the light of the above statements, choose the correct answer from the options given below 

1
Both Statement I and Statement II are true 
2
Both Statement I and Statement II are false 
3
Statement I is true but Statement II is false
4
Statement I is false but Statement II is true

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