Question regarding company financial statement

Q: The issued share capital of Alpha, a limited liability company is as follows: Ordinary shares of 10c each - $1,000,000 8% redeemable preference shares of 50c each - $500,000 In the year ended 31/10/2012, the company has paid the preference dividend for the year and as interim dividend of 2c per share on the ordinary shares. A final ordinary dividend of 3c per share was proposed, before the reporting date. What would be recognised for dividends in the equity section of the statement of financial position at 31/10/2012? A. $580,000 B. $90,000 C. $130,000 D. $200,000 Answer is D i.e. 10m x 2c = $200,000. Now my question is how did he get this amount of 10m? Sir, if you can please clarify. Thanks