Given below are the two statements.
Statement $I$: Replication of $DNA$ occurs in the '$S$' phase of interphase in the cell cycle.
Statement $II$: Replication of $DNA$ takes place only once in the cell cycle.
In the light of above statements,choose the correct answer from the options given below:

• A
  Both statement $I$ and statement $II$ are correct.
• B
  Both statement $I$ and statement $II$ are incorrect.
• C
  Statement $I$ is correct but statement $II$ is incorrect.
• D
  Statement $I$ is incorrect but statement $II$ is correct.