On December 31, Domino Company estimates that it will pay its employees a 3% bonus on net income after deducting the bonus. The company reports net income of $58,000 before the calculation of the bonus The bonus will be paid on January 15 of the next year Read the requirements (Check your spelling carefully and do not abbreviate Recond debits first, then credits Round all amounts to the nearest cent. Select the explanation on the last line of the journal entry table.) Requirement 1. Journalize the December 31 transaction for Domino Date Dec 31 Accounts and Explanation Debit Credit Requirements 1. Journalize the December 31 transaction for Domino. 2. Journalize the payment of the bonus on January 15. Print Done