activity Isnis# May 1: Prepaid rent for three months, $3,000 May 9: Received cash for meals served to customers, $700 . May 5: Received and paid electricity bill, $240 May 14: Paid cash for kitchen equipment, $3,990 . May 23: Served a banquet on account, $1,910 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $1,010 May 31: Recorded depreciation for May on kitchen equipment, 5430 If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign. (7,690) If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign. C RESET Ok