The name KOLKATA is painted on a ferry ghat just above the Hooghly. Which panel shows the name reflected in the river?

Water keeps the order K O L K A T A but turns every letter upside down: the L's foot goes to the top, the A's point goes down and the T stands on its bar: (d). (b) leaves the L upright, (a) reverses the word and (c) is the word read from the other end upside down.