Given below are two statements:

Statements I :

is stabilized by resonance
Statements II: Is the above structure, formal charges on C and N are +1 and -1 respectively.

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

A

Both Statement I and Statement II are true.

B

Both Statement I and Statement II are false.

C

Statement I is true but Statement II is false.

D

Statement I is false but Statement II is true.