Consider the following statements:
Statement $I$: All monosaccharides are reducing sugars.
Statement $II$: Sucrose can reduce ammoniacal silver nitrate solution.
Choose the correct answer from the options given below.

• A
  Both Statement $I$ and Statement $II$ are correct.
• B
  Both Statement $I$ and Statement $II$ are incorrect.
• C
  Statement $I$ is correct but Statement $II$ is incorrect.
• D
  Statement $I$ is incorrect but Statement $II$ is correct.