will someone show me how to get to the correct answer?

Ace Inc. has 10,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2016. What is the annual dividend on the preferred stock? a. b. c. d. $50 per share $50,000 in total $5,000 in total $0.50 per share