Melody's Piano School operations for the month of May were limited to the following transactions . Provided $1,100 of piano lessons to students who paid in cash. Provided $860 of piano lessons on account. Collected $645 from students who took piano lessons during April Paid April's piano rental bill of $475. Received May's piano rental bill of $525 and set it aside for payment in June. . Assuming the company uses accrual basis accounting, what is net income for May