On November 19, 20x1, P Corporation, on a June 30 fiscal year, purchases all the stock of S corporation, which files its tax return on a calendar year-end. If P elects to file a consolidated tax return with S, what short-period tax return needs to be filed by the new affiliated group?

A. P will file a short-period tax return from January 1, 20x1 to June 30 20x1

B. P will file a short-period tax return with its subsidiary S from July 1, 20x1 to November 19 20x1

C. S will file a short-period tax return from January 1, 20x1 to November 19, 20x1

D. S will file a short-period tax return from July 1, 20x1, to November 19 20x1