A project has estimated revenues of $10.0 million and estimated costs of $7.5 million. The following table provides information on amount billed, cash received, and cost incurred for each year of the 3-year project (data are in $ millions).（）
| Year 1 | Year 2 | Year 3 |
| Amount billed | 3.0 | 4.0 | 3.0 |
| Cash received | 3.0 | 5.0 | 2.0 |
| Cost incurred | 2.0 | 3.0 | 2.5 |
Which of the following statements relating to the cumulative balance sheets and income statement at year-end is least accurate
A. Using the revenue recognition method that tends to smooth income, the company will recognize profit of $ 0.83 million in year 3.
B. If ultimate payment is assured and the cost estimates are unreliable, the company will recognize profit of $1.5 million in year 2.
C. Considering this project only and using the percentage of completion method, total assets at the end of year 3 will be $ 2.5 million.