Step 1: Concept
In coordinate geometry, the area of a triangle is zero if the three points forming it are collinear (lie on a straight line).
Step 2: Meaning
Statement I only gives coordinates for two points, which is insufficient to determine the position of point C.
Step 3: Analysis
Statement II explicitly states that A, B, and C are collinear. This definitionally means the area of the triangle formed by them is zero.
Step 4: Conclusion
Therefore, Statement II alone provides a definitive answer (Area = 0) regardless of the specific coordinates.
Final Answer: (B)