Sheridan Company has 750 shares of 10%, $100 par value, cumulative preferred stock and 37500 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock?

Current Attempt in Progress Sheridan Company has 750 shares of 10%, $100 par value, cumulative preferred stock and 37500 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock? $7500 in total. $1000 in total. O $1.00 per share. O $100 per share