e https//act. Sweet 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, $180 . May 9: Received cash for meals served to customers, $490 . May 14: Paid cash for kitchen equipment, $2,900 . May 23: Served a banquet on account, $2,910 . May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $3,600 . May 31: Recorded depreciation for May on kitchen equipment, $340 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. 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. CHECK ANSWER RESET