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.

$$ If the closing price is $<=$$$55$ and we do not own the oil, we will Bid for its acquisition.

$$ Otherwise, we will Do Nothing.

What formula should you enter in cell C$2$ to conduct this analysis?