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, $$90$

May $9$: Received cash for meals served to customers, $$80$

May $14$: Paid cash for kitchen equipment, $$3,070$

May $23$: Served a banquet on account, $$2,810$

May $31$: Made the adjusting entry for rent $($from May $1).$

May $31$: Accrued salary expense, $$2,090$

May $31$: Recorded depreciation for May on kitchen equipment, $$790$

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.

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