Texas Inc. has 4,000 shares of 4%, $125 par value cumulative preferred stock and 95,000 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock? a. $0.00 per share O b. $20,000 in total c. $40.00 per share d. $3,800 in total

Texas Inc. has 4,000 shares of 4%,$125 par value cumulative preferred stock and 95,000 shares of $1 par value common stock outstanding at December 31 . What is the annual dividend on the preferred stock? a. 50,00 per share b. $20,000 in wotal c. $40.00 per share a. $3,800 in total