Given below are two statements:
Statement $I:$ If $E$ be the total energy of a satellite moving around the earth,then its potential energy will be $\frac{E}{2}$.
Statement $II:$ The kinetic energy of a satellite revolving in an orbit is equal to the half the magnitude of total energy $E$.
In the light of the above statements,choose the most appropriate answer from the options given below.

• A
  Both Statement $I$ and Statement $II$ are correct
• B
  Both Statement $I$ and Statement $II$ are incorrect
• C
  Statement $I$ is incorrect but Statement $II$ is correct
• D
  Statement $I$ is correct but Statement $II$ is incorrect