Please help with the first question! Please show the process of how you got the answer as well.

Sweet Catering completed the following selected transactions during May 2016: . May 5: Received and paid electricity bill, $70 May 9: Received cash for meals served to customers, $450 May 23: Served a banquet on account, $2,690 May 31: Accrued salary expense, $610 May 31: Recorded prepaid insurance expired, $270 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. 950 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. 2190