For the year ended December 31, 2015, Lopez Company has implemented an employee bonus program equal to 3 % Lopez's net income, which employees will share equally Lopez's net income (pre-bonus) is expected to be $500,000, and bonus expense is deducted in computing net income. (Round your final answer to the nearest dollar.) 1. Compute the amount of the bonus payable to the employees at year-end. Bonus payable 2. & 3. Prepare the journal entry at December 31 2015 to record the bonus due and January 19, 2015 to record payment of the bonus to employees. 1. Record the bonus due the employees at December 31 2015 2 Record the payment of bonus to the employees