Which statement about determining the quotient 12÷14 is true?

1. Because 24×14=12 , 12 divided by 14 is 24.

2. Because 3×14=12 , 12 divided by 14 is 3.

3. Because 48×14=12 , 12 divided by 14 is 48.

4. Because 16×14=12 , 12 divided by 14 is 16.