The efficiency of a Carnot engine operating with a hot reservoir kept at a temperature of \( 1000 \, \text{K} \) is \( 0.4 \). It extracts \( 150 \, \text{J} \) of heat per cycle from the hot reservoir. The work extracted from this engine is being fully used to run a heat pump which has a coefficient of performance \( 10 \). The hot reservoir of the heat pump is at a temperature of \( 300 \, \text{K} \). Which of the following statements is/are correct: