Consider the following statements:
$I.$ In red algae,vegetative reproduction takes place by fragmentation.
$II.$ In red algae,the food is stored as floridean starch,which is very similar to amylopectin and glycogen in structure.
$III.$ The cell wall of red algae consists of chitin.
Which of the statements given above are correct?

• A
  $I$ and $II$
• B
  $I$ and $III$
• C
  $II$ and $III$
• D
  All of these