Given below are two statements:
• [Statement (I):] Saccharomyces cerevisiae, an yeast, is the most widely used microorganism for industrial ethanol fermentation.
• [Statement (II):] Saccharomyces cerevisiae produces ethanol through glycolytic (Embden Meyerhoff Parnas) Pathway.
In light of the above statements, choose the most appropriate answer from the options given below.