The Mark McCormick Used Car Lot needs a report and search ability of their inventory of the $25$ best$-$selling cars of the year. You have been provided with a file containing a list the $25$ best$-$selling cars. The inventory data is stored in a file named carinventory.txt$.$ The data for each car is stored on two lines in the file and the data is space delimited. The below data must be read in from the specified data file and stored in arrays accordingly.The structure of each record of the file is as follows:LineItemType$1$DescriptionString$2$Serial Numberint$2$Quantityint$2$Costfloat$2$Pricefloat$2$Color codeint Name your class "CarReport". Use a minimum of $3$ methods. Use printf to format and display PRICE with $ and $2$ decimal places. Use a loop to read in the data from file. Use arrays to store data. Use the File$/$PrintWriter classes to read$/$write data to$/$from file Your program needs to be menu driven. You will allow the user to produce the report as displayed on these instructions $($sorted by serial number order OR sorted by description in alphabetical order. The user will have the option to print the report to the screen, to an output file, or both. When the user selects the option to search, you need to prompt the user for the cars serial number. After the user enters a serial number, your program should search and display all of the associated data on one line for that ONE car to the screen.The data contains codes for each color. You will need to create a method to convert the code to the color description as follows:Color Chart$10$White$11$Black$12$Blue$13$Silver$14$Red$15$Green Menu Example:Menu$1)$ Report by Serial Number OR Report by Description$2)$ Search by Serial Number$3)$ ExitReport ExampleSerial #DescriptionColorQuantityCostPriceProfit$=============================================================41345$Chevy MalibuBlue$018048\mathrm{.}0022774\mathrm{.}004726\mathrm{.}0068507$Chrysler PacificaBlue$133201\mathrm{.}0043547\mathrm{.}0010346\mathrm{.}0037291$Subaru CrosstrekBlue$726390\mathrm{.}0029025\mathrm{.}002635\mathrm{.}0056797$Mazda CX$-5$Red$617049\mathrm{.}0022714\mathrm{.}005665\mathrm{.}0011689$Subaru OutbackWhite$732521\mathrm{.}0035426\mathrm{.}002905\mathrm{.}0098437$Jeep WranglerRed$327338\mathrm{.}0034221\mathrm{.}006883\mathrm{.}0071220$Ford ExplorerWhite$129067\mathrm{.}0033409\mathrm{.}004342\mathrm{.}0021744$Toyota HighlanderBlack$622936\mathrm{.}0027101\mathrm{.}004165\mathrm{.}0097316$Honda CivicBlack$526267\mathrm{.}0032302\mathrm{.}006035\mathrm{.}0053135$Honda AccordBlue$222107\mathrm{.}0023882\mathrm{.}001775\mathrm{.}0036892$Hyundai TucsonBlue$332405\mathrm{.}0036961\mathrm{.}004556\mathrm{.}0043532$Chevy EquinoxRed$730910\mathrm{.}0041729\mathrm{.}0010819\mathrm{.}0028248$Toyota CorollaGreen$119385\mathrm{.}0021914\mathrm{.}002529\mathrm{.}0039764$Tesla Model $3$Green$721815\mathrm{.}0023016\mathrm{.}001201\mathrm{.}0072583$Toyota TacomaGreen$532225\mathrm{.}0036063\mathrm{.}003838\mathrm{.}0022947$Jeep GrandCherokeeGreen$021292\mathrm{.}0026749\mathrm{.}005457\mathrm{.}0088156$Nissan RogueWhite$518456\mathrm{.}0020969\mathrm{.}002513\mathrm{.}0078666$GMC SierraWhite$525920\mathrm{.}0034211\mathrm{.}008291\mathrm{.}0052331$Toyota CamryGreen$631709\mathrm{.}0038057\mathrm{.}006348\mathrm{.}0064625$Honda CR$-$VWhite$433827\mathrm{.}0042395\mathrm{.}008568\mathrm{.}0072329$Tesla Model YBlue$020592\mathrm{.}0022916\mathrm{.}002324\mathrm{.}0058137$Toyota RAV$4$Blue$125522\mathrm{.}0030246\mathrm{.}004724\mathrm{.}0025819$Ram PickupBlack$121712\mathrm{.}0023055\mathrm{.}001343\mathrm{.}0024310$Chevy SilveradoWhite$021520\mathrm{.}0022634\mathrm{.}001114\mathrm{.}0059055$Ford F$-$SeriesRed$323042\mathrm{.}0027962\mathrm{.}004920\mathrm{.}00$ Total Cars$86$ Total Cost$635256\mathrm{.}00$ Total Retail$753278\mathrm{.}00$ Total Profit$118022\mathrm{.}00$