For each of the following separate situations, determine the amount of expense each company should recognize in December (using accrual basis accounting). Chipotle has monthly wages expense of $5,400 that has been incurred but not paid as of December 31. United Airlines purchases a 24-month insurance policy for $81,000 on December 1 for immediate coverage. On December 15, Pfizer prepays $42,000 for hotel rooms for its January sales meeting