Goldem Ltd. is a private company that complies with ASPE. The company issued the following financial instruments in 20X4:
1. Retractable preferred shares. Issued 1,500 preferred shares to the owner of the company. The preferred shares may be redeemed at the option of the holder for $1.5 million. The shares were issued in a tax planning arrangement.
2. Redeemable preferred shares. Issued 500 mandatorily redeemable preferred shares to the owner of the company. The shares were issued at their par value. The preferred shares must be redeemed for a total of $25,000 per year, for the next 4 years. The shares were issued in a tax planning arrangement.
3. Convertible bonds. Issued 100 convertible bonds for $107,000. The bonds have a 6% interest rate, payable annually. The bonds are convertible by the holder at any time up to final maturity at a ratio of 25 common shares for each $1,000 principal amount.

Required:
Discuss the appropriate financial statement classification of each of these financial instruments.