STEP $1$: Read the email messages below.

Email message to Dan from his supervisor, Sharon:

$$Dan $$ received this email from one of our Lexmark reps, which I$$m forwarding to you. We should take advantage of this opportunity. Please take care of this. Thanks.$$

Here$$s the forwarded message from Lexmark:

$$Hi Sharon $$ We have a shipment of $2,500$ MX$410$de laser printers to offer to a group of select Lexmark retailers, including Franklin Electronics. These printers are new and mechanically sound, but the finish on the paper trays contains slight defects, which will not affect performance. Because of these cosmetic defects, we can offer this shipment at a reduced price; we$$ll take $15\%$ off the price shown in our latest price list for the model. This deal is strictly first come$-$first served.$$

STEP $2$: Complete the Status Report form below.

STATUS REPORT:

New PO #$2$ empty cell

Vendor $[$Write your answer here. This asks you the name of the company that Franklin is communicating with regarding a possible contract.$]$

Current Legal Status $[$Write your answer here. Here you will explain where the parties are at in the various stages of entering into a contract.$]$

Steps to Finalize PO $[$Write your answer here. What must be done to finalize this PO and create a valid contract?$]$