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question attached Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, 52,400 May 5: Received and paid

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Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, 52,400 May 5: Received and paid electricity bill. $160 May 9: Received cash for meals served to customers. $3,680 May 14: Paid cash for kitchen equipment. $2,110 May 23: Served a banquet on account. $1,760 May 31: Made the adjusting entry for rent {from May 1). May 31: Accrued salary expense, $3,770 May 31: Recorded depreciation for May on kitchen equipment. $330 IfSweet 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. : IfSweet 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. : OOOI

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