Net income for the company for the year was $300,000, and 100,000 shares of common stock were outstanding during the year. The income tax rate is 30%. For each of the following potentially dilutive securities, perform the shortcut antidilution test to determine whether the security is dilutive. Assume that each of the securities was issued on or before January 1. Treat each security independently; in other words, when testing one security, assume that the others do not exist.

1. 10,000 convertible preferred shares (cumulative, 5%, $100 par). Each preferred share is convertible into three shares of common stock.

2. 500 convertible bonds ($1,000 face value, 10%). Each bond is convertible into 25 shares of common stock.

3. 20,000 convertible preferred shares (cumulative, 10%, $50 par). Each preferred share is convertible into two shares of common stock.

4. 2,000 convertible bonds ($1,000 face value, 8%). Each bond is convertible into 15 shares of common stock.