Select the correct option based on statements below:

Assertion (A): Aromatic aldehydes and formaldehydes undergo the Cannizzaro reaction.
Reason (R): Aromatic aldehydes are almost as reactive as formaldehyde.
 
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.