On February 5, 2023, an employee filed a $2,000,000 lawsuit against Dynamite Co. for damages suffered when one of Dynamites plants exploded on December 29, 2022. Dynamites legal counsel expects the company will lose the lawsuit and estimates the loss to be between $500,000 and $1,000,000. The employee has offered to settle the lawsuit out of court for $900,000. In its December 31, 2023 balance sheet, what amount should Dynamite report as a liability from lawsuit? What is the amount?