Kingbird Manufacturing Corporation purchased 2800 shares of its own previously issued $10 par common stock for $81200. As a result of this event, Kingbird's Common Stock account decreased $28000. Kingbird's total stockholders' equity decreased $81200, Kingbird's Paid-in Capital in Excess of Par Value account decreased $53200. All of these answer choices are correct. Kingbird, Inc. has 1450 shares of 12%, $100 par value, cumulative preferred stock and 72500 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock? $1.20 per share. $1200 in total $120 per share. $17400 in total