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To solve for any one variable in this equation, we need at least three of the others, so neither Statement (1) nor Statement (2) is sufficient on its own, as each provides only one variable. Taking the two together, we may find it easier to see what info we have by picking numbers, so let's say 12 people were polled. Statement (1) would then tell us that 4 people like cupcakes, 6 like apple pie, and 9 like ice cream sundaes, so our Total is 4+6+9 = 19. Statement (2) tells us that our double overlap - the people in the intersection of all three circles is 3 (1/4 of 12). Now we can plug into our equation: 19- (2 * 3) - (sum of single overlaps) = 12. This tells us that exactly one person is in the single overlaps - the people who liked exactly one of the two things so we have a single value.

Answer is C
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