C, 10, 11, 12 Nessant Player Ul Aplication NWP AP Thapters 9, 10, 11, & 12) Question 27 of 36 -/1 III View Policies Current Attempt in Progress Tamarisk, Inc. has 1200 shares of 12%, $100 par value, cumulative preferred stock and 60000 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock? $1200 in total $14400 in total $1.20 per share. $120 per share