After Starting a New Fiscal Period on June 1^st,Net Income

Multiple Choice

After starting a new fiscal period on June 1^st,Net Income on the Balance Sheet for June 1^st has a zero balance because -

A) the net income for May 31^st has not been transferred
B) the net income for May 31^st has been transferred
C) there has not been any income earned for June 1^st
D) closing entries are not required for June 1^st