Contract Losses

Sugar has entered into a long-term contract to build an asset for a customer, Hewer. Sugar will satisfy the performance obligation over time and has measured the progress towards satisfying the performance obligation at 45% at the year end.
The price of the contract is $8 million. Sugar has spent $4.5 million to date, but the estimated costs to complete are $5.5 million. To date, Hewer has paid Sugar $3 million.
What items should be recorded in Sugar’s statement of financial position?

A Trade receivable/contract asset $600,000 Contract liability $500,000
B Trade receivable/contract asset $5 million Provision $1,100,000
C No asset Contract liability $500,000
D Trade receivable/contract asset $600,000 Provision $1,100,000

Sir by my calculations the answer should be C. Costs to date-Loss-Amount received = Contract liability of 500000 and no asset as no amount has been invoiced yet.
But the answer is given a D. and reason given(There is a trade receivable of $600,000. The amount recorded in revenue will be $3,600,000 (45% × $8 million price). Hewer has paid $3 million, leaving $600,000 in receivables.
As the contract is loss-making, Sugar should record the full loss immediately. As the full loss needs to be recorded immediately, $5,600,000 should be taken to cost of sales. As only $4.5 million has been spent on costs to date, this means that a provision of $1.1 million must be included in the statement of financial position.)