MADAM reads the same backwards. Which panel shows how the word really looks in the dashed mirror?

The letters come back in the order M A D A M, but each letter is also turned round. M and A are symmetric, yet the D now bulges to the LEFT, so the image is not the word itself: (c). (a) forgets that D is not symmetric, (b) is upside down and (d) is upside down and reversed.