In Java, which of the following statements are NOT CORRECT?

I. Instance variables maintain their values only as long as the instance exists

II$.$ Instance variables are initialized every time a new instance of the class is created.

III. Instance variables are used to store values to each instance of a class.

Select one:

III only.

I and III.

I only.

II only.

II and III.

I and II$.$

I, II and III.

None of the listed answers is correct.