An organic compound 'A' (molecular formula C6H8O) gives 2,4-DNP test. It does not give Tollen’s test, but gives a yellow precipitate 'B' with NaOH and I2. On drastic oxidation, it gives a carboxylic acid 'C' with formula C7H6O2. Identify 'A', 'B', 'C' and write the reactions involved.