Sweet Catering completed the following selected transactions during May 2016:

May 1: Prepaid rent for three months, $1,200

May 5: Received and paid electricity bill, $130

May 9: Received cash for meals served to customers, $1,820

May 14: Paid cash for kitchen equipment, $3,460

May 23: Served a banquet on account, $2,970

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

May 31: Accrued salary expense, $310

May 31: Recorded depreciation for May on kitchen equipment, $440

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 loss, enter it with parentheses or a negative sign.