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:

A. All purses are coins.

B. All coins are rupees.

C. All rupees are pink.

Conclusions:

I. All purses are pink.

II. All pink are coins.

III. All rupees are purses.

IV. All coins are pink.

Only conclusions I and IV follow.