Sweet Catering completed the following selected transactions during May 2016: . May 1: Prepaid rent for three months, $1,800 May 5: Received and paid electricity bill, $190 May 9: Received cash for meals served to customers, 5820 May 14: Paid cash for kitchen equipment, $2,600 May 23: Served a banquet on account, $2,280 . May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $3,750 . May 31: Recorded depreciation for Mayon kitchen equipment, 5710 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 if Sweet Catering had recorded transactions using the Accrual method, how much net income (los) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign CHECK ANSWER SKIP TO NEXT RESET O Please review your answer and try again