Question $24$

Start Inc. has $5\mathrm{.}000$ shares of $6\%,$$$100$ par value, cumulative preferred stock and $50,000$ shares of $$1$ par value common stock outstanding at December $31,2012.$ What is the annual dividend on the preferred stock?

$$80,000$ in total

$$30\mathrm{.}000$ in total

$$300$ in total

$$50\mathrm{.}000$ in total