Given below are two statements.

Statement (I): The oxidation state of an element in a particular compound is the charge acquired by its atom on the basis of electron gain enthalpy consideration from other atoms in the molecule.

Statement (II) $\mathrm{p} \pi-\mathrm{p} \pi$ bond formation is more prevalent in second period elements over other periods.

In the light of the above statements, choose the most appropriate answer from the options given below.