Identify the correct statements about $Z$ in the following reaction sequence:
$C_2H_5NH_2$ $\xrightarrow[NaNO_2 / HCl]{} X$ $\xrightarrow{H_2O} Y$ $\xrightarrow{Cu / 573 \ K} Z$
$I$. $Z$ is an aldehyde
$II$. $Z$ undergoes Cannizzaro reaction
$III$. $Z$ gives iodoform test
$IV$. $Z$ does not give test with Tollens' reagent

• A
  $I$ and $III$
• B
  $II$ and $IV$
• C
  $I$ and $IV$
• D
  $II$ and $III$