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Question2: SO Inc. is involved in a lawsuit at December 31, 2015 (a) Prepare the December 31 entry assuming it is probable that so will be able to (b) Prepare the December 31 entry, if any, assuming it is not probable that she 900,000 as a result of this suit. for any payment as a result of this suit. Question/3: On June 1. 2013. EL Company sola $400,000 in levy nem bonds for $35158 The bonds will mature in 10 years and have a stated interest rate of 8% ada yveld we of 1096 The bonds pay interest annually on May 31 of each year. The bonds we us be for under the effective interest method (2) Prepare a bond amortization table for this problem to indicate the amount of interest expense and discount amortization at cach May 31. Include only the first four year. b) Prepare Journal entry on date of issue, Jan 1, 2013