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Sweet Catering completed the following selected transactions during May 2016: . May 1: Prepaid rent for three months, $2,100 . May 5: Received and paid electricity bill, $190 . May 9: Received cash for meals served to customers, $1,730 . May 14: Paid cash for kitchen equipment, $3,940 . May 23: Served a banquet on account, $2,850 . May 31: Made the adjusting entry for rent (from May 1). . May 31: Accrued salary expense, $1,530 . May 31: Recorded depreciation for May on kitchen equipment, $690 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. (3,870) 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. (3,870)