1. Lenore, Inc. declared a cash dividend of $120,000 in 2022 when the following stocks were outstanding: Common stock 30,000 shares, $5 par value $150,000 Preferred stock, 6%, 6,000 shares, $100 par value $600,000 No dividends were declared or paid during the prior two years. Required: a. Compute the amount of dividends that would be paid to each stockholder group if the preferred stock is noncumulative. b. Compute the amount of dividends that would be paid to each stockholder group if