7 (10 points) On January 1, an arena entered into a contract with The Squares, a rock band, to give a concert on August 1. The arena immediately began spending money on preparations, such as advertising and printing. On February 1, the band informed the arena that it was canceling the concert. What is the arena's likely remedy? a) Specific performance requiring the band to perform. b) Expectancy damages measured by the profit the arena would have made had the concert taken place. c) Restitution for the money spent on preparations. d) Reliance damages for the money spent on preparation