Consider the following statements.

Statement A:  Algae and fungi reproduces asexually only.

Statement B:  Algae and fungi lacks sexual reproduction. 

Select the correct option.                                                                   

• A

  Statement A is correct but statement B is incorrect.

• B

  Statement A is incorrect but statement is correct

• C

  Both statement A and statement B are correct

• D

  Both statement A and statement B are incorrect.