Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $2,700 May 5: Received and paid electricity bill, $110 May 9: Received cash for meals served to customers, $2,490 May 14: Paid cash for kitchen equipment, $3,680 May 23: Served a banquet on account, $1,970 May 31: Made the adjusting entry for rent (from May 1). - May 31: Accrued salary expense, \$1,390 - May 31: Recorded depreciation for May on kitchen equipment, 550 If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have fecorded for the month of May? If there is a loss, enter it with 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 is a loss, enter it with parentheses or a negative sign