Consider the following statements regarding osmosis in animal cells:

1. If the water potential of the solution surrounding the cell is too high, the cell shrinks.
2. If the water potential of the solution surrounding the cell is too low, the cell swells and bursts.
3. It is important to maintain a constant water potential inside the animal body.
4. In animal cells, water potential far exceeds the solute potential.

Which of the statements given above is/are correct?