A square piece of paper is folded twice into four equal quarters: first in half vertically, then in half horizontally. A small square is then cut from the corner where all four layers of paper meet. Which figure will the paper match when unfolded? 
A: An X-shaped cutout
B: Two semicircles on opposite sides
C: A square hole in the center
D: A triangle hole in the center
E: A diamond hole in the center
