The step that isn’t needed is that hyaline cartilage changes to adipose tissue. Adipose is another way of saying “fat”. If you don’t believe me, look up the adipose creatures from Doctor Who; there is some science there. Anyway, as the previous long answer states, there is a lot that goes into creating bone in a fetus.
The first thing that happens is that the hyaline cartilage takes the shape of the bone that will eventually be there.
Then, periosteum forms from the connective tissues. Finally, osteoblasts deposit the osseous tissue that replaces the cartilage.
So, it then goes to follow that answer the hyaline cartilage changing into adipose tissue is the only answer that could be correct.