What Is the Euthyphro Dilemma Supposed to Show About the Relationship

What is the Euthyphro dilemma supposed to show about the relationship between God and morality?

A) That because God does not exist, neither does morality.
B) That morality depends entirely on God's arbitrary commandments.
C) That morality exists at least partly independently of God.
D) That because God commands right acts, we are obligated to do as God commands.