Which of the following statements is incorrect?

(A) Aerobically, oxidative decarboxylation of pyruvate forms acetate that enters the citric acid cycle.
(B) In anaerobic muscle, pyruvate is converted to lactate.
(C) In yeast growing anaerobically, pyruvate is converted to ethanol.
(D) Reduction of pyruvate to lactate regenerates a cofactor essential for glycolysis.
(E) Under anaerobic conditions pyruvate does not form because glycolysis does not occur.