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:

Some benches are tables.

Some tables are chairs.

Some chairs are pencils.

Conclusions:

I. Some benches are chairs.

II. Some tables are pencils.

III. Some pencils are chairs.

IV. Some pencils are tables.

Only conclusion III follows