Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months. 3.000 May 5: Received and paid electricity bill, 550 May 9: Received cash for meals served to customers, 5160 May 14: Paid cash for kitchen equipment, 52.440 May 23: Served a banquet on account, 52,150 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, 5170 May 31: Recorded depreciation for May on kitchen equipment, 5440 If Sweet Catering had recorded transactions using the Cash method, how much net income doss) would they have recorded for the month of May? if there is a loss.enter it with parentheses or a negative sign 770 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 los enter it with parentheses or a negative sign 650