Concord Corporation has 8000 shares of 10%, $100 par value, cumulative preferred stock and 40000 shares...

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Concord Corporation has 8000 shares of 10%, $100 par value, cumulative preferred stock and 40000 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock? $80000 in total O $1.00 per share O $100 per share O $10000 in total Concord Corporation has 8000 shares of 10%, $100 par value, cumulative preferred stock and 40000 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock? $80000 in total O $1.00 per share O $100 per share O $10000 in total