While the compound X₃Y₄ is formed from the reaction of equal masses of elements X and Y, the limiting component of the reaction is Y. According to this,

1. There is a relationship n_Y > n_X between the initial X and Y mole numbers.

II. There is an X < Y relationship between the atomic masses of X and Y.

III. The number of moles of Y consumed during the reaction is twice the number of moles of X₃Y₄ formed. Which of their statements is correct?