+ REI Outfitters Company's corporate charter states that the entity is permitted to issue 2,000,000 shares of common stock at $2 par value. On 12/1/20, the company's Board of Directors declared a $0.50 dividend per share. As of 12/1/20, the company had issued 1,000,000 shares, and had 100,000 shares in treasury stock. What is the amount of dividend payable that the company will record? Select one: a. $500,000 b. $50,000 c. $2,000,000 d. $4,000,000 e. $450,000 f. $1,000,000