The given graph represents the cooling curve of substance X. Which of the following statements are incorrect?
I. Process 1 represents the cooling of the liquid state of X, while process 2 involves the cooling of the solid state.
II. The freezing point of substance X is 25 oC.
III. At 35 oC, the substance exists in solid state.
IV. Substance X exists both in gaseous and liquid forms along the curve QR.