26) Consider the following statements:
Statement-I: The Badami caves were excavated during the rule of the early Chalukyan dynasty, with Mangalesha as a key patron.
Statement-II: The paintings in Cave No.4 of Badami depict palace scenes, including King Kirtivarman watching a dance performance, and stylistically extend the Ajanta mural tradition.
Which one of the following is correct in respect of the above statements?