Consider the following statements regarding Volcanoes. 1. A volcano is a vent or chimney which transfers molten rock known as magma from depth to the Earth's surface. 2. Lava erupting from a volcano is called magma when deposited on the surface of the earth. 3. A volcano is dormant if it has not erupted for a long time but could erupt again in the future. Which of the above statement(s) is/are correct?