What does the following code do$?$ Assume list is an array of int values, temp is some previously initialized int value, and $c$ is an int initialized to $0.$

$)=0$;$j<mi\; id="EditorElement\_2437745">(</mi>$ list.length; $j++)<mi\; id="EditorElement\_2437676">(</mi>$ temp

It finds the smallest value and stores it in temp

It finds the largest value and stores it in temp

It counts the number of elements equal to the smallest value in list

It counts the number of elements in list that are less than temp