Given below are two statements, one is labelled as Assertion (A) and other one labelled as Reason (R).
Assertion (A) : Iodoacetate selectively inhibits the glycolytic enzyme glyceraldehyde-3-phosphate dehydrogenase.
Reason (R) : Iodoacetate is a chelating agent that chelates the magnesium ion and makes it unavailable for the catalytic action of glyceraldehyde-3-phosphate dehydrogenase.
In light of the above statements, choose the correct answer from the options given below.