Recursive Removal from ArrayList

What is printed as a result of executing the following code?

import java.util.*;

public class Main {
    public static void recursiveRemove(ArrayList<String> list, int index) {
        if (index >= list.size()) {
            return;
        }
        if (index % 2 == 0) {
            list.remove(index);
        }
        recursiveRemove(list, index + 1);
    }

    public static void main(String[] args) {
        ArrayList<String> list = new ArrayList<>(Arrays.asList("A", "B", "C", "D", "E"));
        recursiveRemove(list, 0);
        System.out.println(list);
    }
}