Convert the following Hexadecimal number to its Binary equivalent followed by Octal equivalent:

(2345)₁₆

(2345)₁₆ = (0010001101000101)₂

Grouping in bits of 3:

$\underlinesegment{010}\medspace\underlinesegment{001}\medspace\underlinesegment{101}\medspace\underlinesegment{000}\medspace\underlinesegment{101}$

(2345)₁₆ = (21505)₈