LazerRay, Inc., reported outstanding capital consisting of 200,000 common shares - $3,000,000 and 50,000, $2, preferred shares - $600,000 on December 31, 2012. Total cash dividends of $500,000 were declared for 2022. 1. Assume for this problem that the preferred shares were cumulative and participating in excess dividend distribution once the common shareholders have received $1.20 per share. No dividends were declared in 2021. Determine the amount of dividend allocated to each shareholder group. Show detailed work to receive part credit. 2. Assume for this problem that the preferred shares were non-cumulative and fully participating in excess dividend distribution. No dividends were declared in 2020 and 2021. How much of the dividend amount is allocated to each shareholder group? 3. Assume for this problem that the preferred shares were cumulative but not participating in any excess dividend distribution. No dividends were declared in 2020 and 2021. How much of the dividend amount is allocated to each shareholder group