eet Catering completed the following selected transactions during May 2016 : - May 1: Prepaid rent for three months, $1,500 - May 5: Received and paid electricity bill, $240 - May 9: Received cash for meals served to customers, $960 - May 14: Paid cash for kitchen equipment, $2,030 - May 23: Served a banquet on account, $2,740 - May 31: Made the adjusting entry for rent (from May 1). - May 31: Accrued salary expens, \$3,960 - May 31: Recorded depreciation for May on kitchen equipment, $490 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