Consider the following statements: Statement 1: The kinetic energy possessed by an object depends on the mass and velocity of the object. Statement 2: The kinetic energy possessed by an object depends only on the velocity of the object. Which one of the following is correct about the above statements?

• A. Statement 1 is true and 2 is false
• B. Statement 1 is false and 2 is true
• C. Both statements are false
• D. Both statements are true
• E. None of these