Consider the following statements regarding Volcanoes.
1. A volcano is a vent or chimney which transfers molten rock known as magma from depth to the Earth's surface.
2. Lava erupting from a volcano is called magma when deposited on the surface of the earth.
3. A volcano is dormant if it has not erupted for a long time but could erupt again in the future.
Which of the above statement(s) is/are correct?