Phenol on treatment with

Question:

Phenol on treatment with $\mathrm{CO}_{2}$ in the presence of $\mathrm{NaOH}$ followed by acidification produces compound $\mathrm{X}$ as the major product. $\mathrm{X}$ on treatment with $\left(\mathrm{CH}_{3} \mathrm{CO}\right)_{2} \mathrm{O}$ in the presence of catalytic amount of $\mathrm{H}_{2} \mathrm{SO}_{4}$ produces :


Correct Option:

Solution:

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