Since every alternative letter starting from B of the English alphabet is written in small letter, the letters written in small letter are b, d, f, h and so on. And Capital letters are C, E, G so on.
In option first, third and fourth e is written in small letter, so it cannot be the answer And In second option second e is written in small. Therefore, none of above options are satisfy the condition. .
Steps:
1) The third and fourth letter from begging are fixed at the end of the coded word.
2) The position of second letter and last letter of the word are interchanged in coded word.
3) Second from last and first from begging are interchanged.
4) Third from last and fifth from first are interchanged.
Following the same steps for the DREAMLAND. We get DNALMDREA.
Comparing, the first two sentence, we get,
A LEAP = MO KI.
Comparing, the first and third sentence, we get code for,
FROG'S = JA. SO from the first sentence, we will get the code of AT = PE.