Sweet Catering completed the following selected transactions during May 2016: May 5: Received and paid electricity bill, $60 May 9: Received cash for meals served to customers, $450 May 23: Served a banquet on account, $2,670 May 31: Accrued salary expense, $2,110 May 31: Recorded prepaid insurance expired, $320

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.