For the year ended December 31, Lopez Company implements an employee bonus program based on company net income, which the employees share equally. Lopez's bonus expense is computed as $61,538. 1. & 2. Prepare the journal entry at December 31 to record the bonus due and January 19 to record payment of the bonus to employees. View transaction list X > 1 Record the bonus due the employees at December 31. 2 Record the payment of bonus to the employees