Which statement correctly states the complementary roles of bile and pancreatic juice in fat digestion within the small intestine?

Bile emulsifies large fat droplets into smaller droplets increasing surface area; pancreatic lipase then hydrolyzes triglycerides into absorbable monoglycerides and free fatty acids

Bile and pancreatic juice are both produced by the gallbladder and only differ in viscosity, with no specific enzymatic roles

Bile digests proteins while pancreatic juice is responsible for emulsifying carbohydrates so they remain suspended for absorption

Pancreatic juice emulsifies fats and bile contains lipase to hydrolyze triglycerides directly in the lumen without need for pancreatic enzymes