The diagram shows a capacitor C and a resistor R connected in series to an AC source, V1 and V2 are voltmeter and A is an ammeter. Consider now the following statements:
(I) Reading in A and V2 are always in phase
(II) Reading in V1 is ahead with reading in V2
(III) Reading in A and V1 are always in phase
Which of these statements are / is correct: