The book in ABC stock is

Trader Time Price Quantity Display

Ask Elin $9$:$4510\mathrm{.}10800$ Y

Ask Sophia $9$:$4010\mathrm{.}06500$ Y

Ask Will $9$:$3810\mathrm{.}05100$ Y

Bid Ellen $9$:$4210\mathrm{.}03400$ Y

Bid Ada $9$:$4110\mathrm{.}01300$ Y

Bid David $9$:$439\mathrm{.}98200$ Y

Jay enters an order" $"$ Sell $600$ shares limit $10\mathrm{.}02,$ Immediate or Cancel." What executions occur; What are the best bid and offer in the markets?

A$.$

Jay's entire order is cancelled; Now, the best bid and offer in the market are: $10\mathrm{.}03$ bid for $400($Ellen$),100$ offered at $10\mathrm{.}05($Will$).$

B$.$

Jay sells $400$ to Ellen at $10\mathrm{.}03$; Jay sells $200$ to Ada at $10\mathrm{.}01$; Now, the best bid and offer in the market are: $10\mathrm{.}01$ bid for $100($Ada$),100$ offered at $10\mathrm{.}05($Will$).$

C$.$

Jay sells $400$ to Ellen at $10\mathrm{.}03$; Now, the best bid and offer in the market are: $10\mathrm{.}01$ bid for $300($Ada$),100$ offered at $10\mathrm{.}05($Will$).$

D$.$

Jay sells $400$ to Ellen at $10\mathrm{.}02$; Now, the best bid and offer in the market are: $10\mathrm{.}01$ bid for $300($Ada$),100$ offered at $10\mathrm{.}05($Will$).$