Given below are two statements:
Statement $I$ - $A$ stepwise release of chemical bond energy facilitates the utilization of a relatively higher proportion of that energy in $ATP$ synthesis.
Statement $II$ - Due to stepwise oxidation of respiratory substrate,the same pathway may be used for synthesis of another biomolecule.
In light of above statements,select 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 and statement $II$ is incorrect.
• D
  Statement $I$ is incorrect and statement $II$ is correct.