CSC236 Data In this lab, in Java you wil you Lab 2 will write some dasses to simulate online How Biddi rules for biddi ng Works ng are as follows: each item has reserve price, which is the minimum sale price set by Seller a bid is discarded if it is less than the reserve price a bidder specifies the maximum they are willing to bid, called the maximum bid the current bid is the winning bid at a given time during the audion the current bid is only as high as to exceed the previous ourrent a bid; it may be less than the maximum specified by the bidder bid is discarded if its maximum is less than the current bd if a new maximum bid is placed that is higher than the aument bid (suppose A is the currently winning bidder, and B is the new f the maximum for A is higher than the maximum for B. A is still winning the auction; the new current bid is 1+ of B) if the maximum for B is higher than the maximum for A, then B is the new winner of the auction: the new current bid is 1 (maximum of A) Bidding Example lid ium 12 5/20169E00 am Sofia7 new high bidder Sofia n2n/2016 500 pm Doey 15 new high bidder boey Given an auction for "Sample Auction Item", with auction number The auction begins on 12/5/2016 at 7am and ends on at 11:59pm with a reserve price of Here is a record of the bidding Here is an explanation of the bidding New the high bid at this time needs to match is above the reserve price; the stack she becomes the reserve price. Sofia's bid is added to maximum bid.) the We track the high bid and the