need help with 22 . please explain every little detail no matter how small. studying for my final I have in 2 weeks .

22. Three put options on a stock have the same expiration date and strike prices of $55, S60, and $65. The market prices are $3, $5, and S8, respectively. Explain how a butterfly spread can be created. Construct a table showing the profit from the strategy. For what range of stock prices would the butterfly spread lead to a loss? 23. A diagonal spread is created by buying a call with strike price K2 and exercise date T2