Identify the correct statements from the below about "Glycolysis".
(I) Glucose is converted into pyruvic acid
(II) Net gain is 2 ATP
(III) It takes place in the absence of oxygen.
(IV) 2NADH `+H^+` molecules are produced.
A. I,III and IV only
B. I,II and IV only
C. I and III only
D. I and II only