Cooper Inc pays its employees an annual bonus equal to 3% of the prior year's Net Income. Cooper estimates Net Income for 2025 will be $1,000,000. What is Cooper's estimated Bonus Expense for 2025? Prepare the journal entry to record estimated Bonus Expense for the year. Cooper's actual Net Income for 2025 was $1,200,000. How much will Cooper actually pay in bonuses related to 2025? Prepare the journal entry to record the payment of the bonus. Prepare the journal entry to true up the Bonus Payable account.