Melody's Piano School operations for the month of May were limited to the following transactions: Provided $500 of piano lessons to students who paid in cash. Provided $380 of piano lessons on account. Collected $285 from students who took piano lessons during April Paid April's piano rental bill of $175 Received May's piano rental bill of $225 and set it aside for payment in June. Assuming that the company uses cash basis accounting, what is net income for May