An aromatic compound 'A' (Molecular formula C₈H₈O]) gives a positive 2, 4-DNP test. It gives a yellow precipitate of compound 'B' on treatment with iodine and sodium hydroxide solution. Compound 'A' does not give Tollen's or Fehling's test. On drastic oxidation with potassium permanganate it forms a carboxylic acid 'C' (Molecular formula C₇H₆O₂), which is also formed along with the yellow compound in the above reaction. Identify A, B and C and write all the reactions involved.