Chuck tells Mia that he is looking for a rare edition of The Shining for his book collection, and would pay up to $500 if she were to find him a copy of the book in good condition. Mia is able to locate a copy of the book and pays $450 for it at an auction. She presents the book to Chuck and he refuses to pay her, stating that he was only joking. What are Mia's options?

a. Mia may not recover the $450 from Chuck because there was no bargained-for exchange.
b. Mia may not recover the $450 from Chuck because she did not have a contract with Chuck by formally accepting his offer.
c. Mia may recover the $450 from Chuck because she reasonably and substantially relied on Chuck's promise.
d. Mia may recover the $450 from Chuck because consideration is not necessary in an implied contract.

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e.g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)