Given below are two statements :

Statement I : Bohr's theory accounts for the stability and line spectrum of Li⁺ ion.

Statement II : Bohr's theory was unable to explain the splitting of spectral lines in the presence of a magnetic field.

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

1. A Statement I is false but statement II is true. Correct answer
2. B Both statement I and statement II are true.
3. C Statement I is true but statement II is false.
4. D Both statement I and statement II are false.