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Sweet Catering completed the following selected transactions during May 2016: . May 1: Prepaid rent for three months, 53,000 . May 5: Received and paid

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Sweet Catering completed the following selected transactions during May 2016: . May 1: Prepaid rent for three months, 53,000 . May 5: Received and paid electricity bill, 5110 May 9: Received cash for meals served to customers, $3,410 May 14: Paid cash for kitchen equipment, $3,250 May 23: Served a banquet on account, $2,000 . May 31: Made the adjusting entry for rent (from May 1). . May 31: Accrued salary expense, $1,450 . May 31: Recorded depreciation for May on kitchen equipment, 5580 Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of Mayrit there is a loss, enter it with parentheses or a negative sign it 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 loss, enter it with parentheses or a negative sign

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