Read the following statements:
I. When a red litmus paper is dipped into reaction mixture of a saponification reaction, it turns blue and the reaction is exothermic.
II. When a blue litmus paper is dipped into reaction mixture of a saponification reaction, its colour does not change and the reaction is exothermic.
III. When a red litmus paper is dipped into reaction mixture of a saponification reaction, its colour does not change and the reaction is endothermic.
IV. When a blue litmus paper is dipped into reaction mixture of a saponification reaction, its colour does not change and the reaction is endothermic.
Which of the above statements are correct?