Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance with commonly known facts, decide which of the given conclusions logically follow(s) from the statements.

Statements:

All speakers are equipment.

All equipment are wires.

Conclusions:

I. Some wires are equipment.

II. No speaker is wire.

III. Some speakers are not wires.

Only conclusion I follows.