Not yet answered Marked out of 1.00 36 On December 31, 2020, Kareem, Inc. has 1,500 shares of 6% $100 par value cumulative preferred stock and 90,000 shares of $10 par value common stock outstanding. On December 31, 2020, the directors declare a $30,000 cash dividend. The entry to record the declaration of the dividend would include 280 4U Not yet answered Marked out of 1.00 37 Jamal Inc. has 10,000 shares of 6%, $100 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred ?stock .a per share $0.60 b in total $100,000 . in total $60,000 O .d per share $60 )