The reaction is exothermic because the total bond energy of the reactants is less than the total bond energy of the products. The reaction is exothermic because the total bond energy of the reactants is less than the total bond energy of the products. The reaction is endothermic because the total bond energy of the reactants is greater than the total bond energy of the products. The reaction is endothermic because the total bond energy of the reactants is greater than the total bond energy of the products. The reaction is exothermic because the energy of each bond in the reactants is greater than the energy of a bond in the products. The reaction is exothermic because the energy of each bond in the reactants is greater than the energy of a bond in the products. The reaction is endothermic because the energy of each bond in the reactants is less than the energy of a bond in the products.

The given statement is: "The reaction is endothermic because the energy of each bond in the reactants is less than the energy of a bond in the products."

This statement is incorrect. In an exothermic reaction, the total bond energy of the reactants is greater than the total bond energy of the products. Additionally, an exothermic reaction releases energy in the form of heat, while an endothermic reaction absorbs heat. Therefore, the correct statement would be: "The reaction is exothermic because the total bond energy of the reactants is less than the total bond energy of the products."