Select the correct option based on statements below:

Assertion (A): Like the bromination of benzene, bromination of phenol is carried out in the presence of Lewis acid.
Reason (R): Lewis acid polarizes the bromine molecule.
 
1. Both (A) and (R) are True and (R) is the correct explanation of (A).
2. Both (A) and (R) are True but (R) is not the correct explanation of (A).
3. (A) is True but (R) is False.
4. (A) is False but (R) is True.