how do you solve this? please show work thank you

Common Stock, $1 par $4,500,000 Paid-in Capital, Common Stock $ 550,000 Preferred 8% Stock, $50 par Paid-in Capital, Preferred Stock $2,000,000 $ 400,000 $1,500,000 Retained Earnings Treasury Stock (15,000 shares) $ 150,000 What is the amount of the annual dividend on preferred stock