In the following question, you will find four options provided alongside a given word. One of these words cannot be formed using the letters of the given word. Identify that word.
Given word: "INDEPENDENCE"

Let's analyze the letters available in "INDEPENDENCE":
$$\text{I}\times 1,\text{N}\times 3,\text{D}\times 2,\text{E}\times 4,\text{P}\times 1,\text{C}\times 1$$

* Option A ("DENIED"): Requires $\text{D}\times 2,\text{E}\times 2,\text{N}\times 1,\text{I}\times 1$. (Can be formed)
* Option B ("NEEDED"): Requires $\text{N}\times 1,\text{E}\times 3,\text{D}\times 2$. (Can be formed)
* Option C ("INDEED"): Requires $\text{I}\times 1,\text{N}\times 1,\text{D}\times 2,\text{E}\times 2$. (Can be formed)
* Option D ("PEENAD"): Requires the letter 'A'. There is no 'A' in "INDEPENDENCE". (Cannot be formed)