8. You are responsible for valuing the inventory of a crude oil depot based on daily closing prices, and you have created a spreadsheet to help you. The cells in column A tell the ownership status of individual grades of oil (Holding or Not Holding), column B reports the closing price, and column C issues instructions based on the closing price (Bid, Offer, or Do Nothing). The rules for taking action are as follows: - If the closing price is >=$75 and we own the oil, we will Offer it for sale. - If the closing price is =75),"Offer",IF((A2="Not Holding",B2 =55),"Acquire", "Do Nothing") IF(AND(A2="Holding", B2==75),"Offer",IF(AND(A2="Not Holding", B2 =55 ),"Offer", "Do Nothing")) IF(AND(A2="Not Holding",B2>=75),"Offer",IF(AND(A2=" Holding",B2 =55 ),"Bid", "Do Nothing")) IF(AND (A2="Holding", B2==75),"Offer", IF(AND(A2="Not Holding", B2 =55 ),"Acquire", "Do Nothing"))