Somento Forest 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?

Group of answer choices

a. $60,000 in total

b. $0.60 per share

c. $60 per share

d. $100,000 in total