Total number of ATP molecules formed (net gain) during the process of aerobic respiration is
1) Glycolysis (gain of 2 ATP & 2 NADH molecules)
2) formation of Acetyl Coenzyme A from pyruvate (gain of 2 NADH molecules)
3) The citric acid cycle (gain of 6 NADH, 2 FADH, and 2 GTP molecules)
4) Electron transport chain and oxidative phosphorylation
So, the correct answer is option D.