A, B, C working independently can do a piece of work in 8, 16 and 12 days respectively. A alone works on Monday, B alone works on Tuesday, C alone work on Wednesday, A alone, again works on Thursday and so on. Consider the following statements
1. The work will be finished on Thursday.
2. The work will be finished in 10 days.
Which of the above statements is/are correct?

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2