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ABC. Inc. has 2,000 shares of 6%,$100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31,2017

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ABC. Inc. has 2,000 shares of 6%,$100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31,2017 . What is the total annual dividend on the preferred stock? a. $1,200 b. $12,000 c. $6,000 d. $2,000

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