Given below are two statements :
Statement I : Upon heating a borax bead dipped in cupric sulphate in a luminous flame, the colour of the bead becomes green.
Statement II : The green colour observed is due to the formation of copper(I) metaborate.
In the light of the above statements, choose the most appropriate answer from the options given below :
(1) Both Statement I and Statement II are true
(2) Statement I is true but Statement II is false
(3) Both Statement I and Statement II are false
(4) Statement I is false but Statement II is true