Chemistry · Some Basic Concepts of Chemistry

Given below are two statements:\n Statement I: A balanced chemical equation has the same number of atoms of each element on both sides of the equation.\n Statement II: Subscripts in formulas of reactants and products can be changed freely to balance a chemical equation. \nIn the light of the above statements, choose the most appropriate answer from the options given below:

1. Statement I is correct but Statement II is incorrect.
2. Both Statement I and Statement II are correct.
3. Both Statement I and Statement II are incorrect.
4. Statement I is incorrect but Statement II is correct.