Which of the following statements are correct?

1. We can assign values of any type to variables of type object.
2. When a variable of a value type is converted to object, it is said to be unboxed.
3. When a variable of type object is converted to a value type, it is said to be boxed.
4. Boolean variable cannot have a value of null.
5. When a value type is boxed, an entirely new object must be allocated and constructed.