Stealth Sky Views (SSV) is a private company that operates tourist rides from St John's, Newfoundland. Tourists pay for a one-hour ride that takes them to Signal Hill and up the coast. Sam, the owner, has noticed a significant increase in his rider base and is now looking at expanding by purchasing a new plane. Sam is considering several finance options (Exhibit I) and would like you, his accountant, to assist him. Required Provide Sam with a report that calculates each of the three financing options he has laid out, along with journal entries where requested. He would ideally like to minimize the amount of cash that he is required to repay over the next three years in order to cover operating costs. He would also like you to comment on the advantages and disadvantages of the various options. You may assume that the receipt of any cash and the purchase of the plane take place on January 1 and that SSV has a December 31 year end. Seaplane Financing Options Issue $500,000 of bonds. The bond issue would be developed with a stated rate of 6% and would be a 10-year bond with interest paid