solve for cash method:

solve for accrual method:

Sweet Catering completed the following selected transactions during May 2016: - May 1: Prepaid rent for three months, $2,400 - May 5; Received and paid electricity bill, $220 - May 9: Received cash for meals served to customers, \$2,210 - May 14: Paid cash for kitchen equipment, 53,230 - May 23: Served a banquet on account, $2,610 - May 31: Made the adjusting entry for rent (from May 1). - May 31: Acerued salary expense, $2,630 - May 31: Recorded depreciation for May on kitehen equipment, 5610 If Sweet Catering had recorded transactions using the Cash method, how much nee income lloss) Woild they hove recoeded for the manth of May? If there is a loss, enter it with parentheses of a negative sign, If Sweet Catering had recorded transactions using the Accruat method, haw rach net income fooss would they have recorded for the month of May? if thire is a loss, enter it with parentieses or a negative sign