Melodys 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 Aprils piano rental bill of $175. Received Mays piano rental bill of $225 and set it aside for payment in June.

What is Melody's Net Income for May using the accrual basis of accounting? $285 $840 $610 $655