Consider the following statements regarding the development of Malayalam prose:

1. The literary journals had a more direct and immediate influence on the prose style than newspapers.
2. K.Ramakrishna Pillai was instrumental in making Malayalam prose more flexible and expressive through his journalistic work.
3. The first modern novel in Malayalam literature was written by O. Chandu Menon in 1889, titled ‘Indulekha’.
4. Malayalam translations of Puranic stories like ‘Bhagavad Gita’ and ‘Brahmāndapurāṇam’ were completed by the close of the 19th century.

Which of the statement/statements given above is/are correct?