Rohan Company reported a net income of $150,000 in 2024. The weighted-average number of common shares outstanding for 2024 was 40,000. The average stock price for 2024 was $33. Assume an income tax rate of 25%.
Required:
For each of the following independent situations, indicate whether the effect of the security is antidilutive for diluted EPS. Show your work for how you arrived at your answer.
	Dilutive or Antidiultive?
1. 10,000 shares of 7.7% of $100 par convertible, cumulative preferred stock. Each share may be converted into two common shares.	Antidilutive
2. 6.4% convertible 10-year, $500,000 of bonds, issued at face value. The bonds are convertible to 5,000 shares of common stock.	Antidilutive
3. Stock options exercisable at $30 per share after January 1, 2026.	Dilutive