Which of the following statement/statements is/are correct about the given number series?

Series I: 7, 23, 71, 227, 647, 1943

Series II: 16, 17, 25, 52, 116, 250

(I) If the wrong number of series I is subtracted from the wrong number of series II then the remainder will be a prime number.

(II) Correct term of series I in place of wrong term is a composite number.

(III) Correct term of series II in place of wrong term is a prime number.