Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months. $2, 100 May S: Received and paid electricity bill. $120 May 9: Received cash for meals served to customers. $2, 480 May 14: Paid cash for kitchen equipment. $2, 990 May 23: Served a banquet on account, $2, 080 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense. $870 May 31: Recorded depreciation for May on kitchen equipment. $120 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 parentheses or a negative sign. 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 with parentheses or a negative sign