Given below are two statements:
Statement (I): The gravitational potential is independent of the relative elevation and is dependent on chemical and pressure conditions of soil water.
Statement (II): Osmotic potential can be defined as the amount of work that a unit quantity of water in an equilibrium soil water system is capable of doing when it moves to another equilibrium system identical in all respects except that there are no solutes.
In light of the above statements, choose the most appropriate answer from the options given below.