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Vaughn Manufacturing has 18000 shares of 10%, $100 par value, cumulative preferred stock and 90000 shares of $1 par value common stock outstanding at December

Vaughn Manufacturing has 18000 shares of 10%, $100 par value, cumulative preferred stock and 90000 shares of $1 par value common stock outstanding at December 31, 2017. What is the annual dividend on the preferred stock?

a. $100 per share

b. $180000 in total

c. $10000 in total

d. $0.10 per share

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