At 700 K, the pressure equilibrium constant for the reaction 2SO2(g)+O2(g)⇋2SO3(g) is Kp=3.5×104. A vessel at this temperature initially contains [SO2]=0.10M, [O2]=0.050M, and [SO3]=1.2M. Calculate the value of Kc at 700 K, determine Qc for the initial mixture, and state whether the reaction will proceed in the forward or reverse direction to reach equilibrium.