For each of the following separate situations, determine the amount of expense each company should recognize in December (using accrual basis accounting). 312 a. Chipotle has monthly wages expense of $6,200 that has been incurred but not paid as of December 31 . b. United Airlines purchases a 24-month insurance policy for $93,000 on December 1 for immediate coverage. c. On December 15, Pfizer prepays $50,000 for hotel rooms for its January sales meeting. Situations {:[" Expense "],[" recognized in "],[" December "]:} a. Wages expense incurred but not paid b. Purchuses a 24 enonth irsurance policy c. Prepays for hotei rooms for its annual sales meeting