For each of the following separate situations, determine the amount of expense each company should recognize in December (using accrual basis accounting). a. Chipotle has monthly wages expense of $3,200 that has been incurred but not paid as of December 31 . b. United Airlines purchases a 24 -month insurance policy for $48,000 on December 1 for immediate coverage. c. On December 15 , Pfizer prepays $20,000 for hotel rooms for its January sales meeting