Sweet Catering completed the following selected transactions during May 2016:

May 1: Prepaid rent for three months, $2,100 May 5: Received and paid electricity bill, $210 May 9: Received cash for meals served to customers, $550

May 14: Paid cash for kitchen equipment, $2,190

May 23: Served a banquet on account, $1,790 May 31: Made the adjusting entry for rent (from May 1).

May 31: Accrued salary expense, $1,130 May 31: Recorded depreciation for May on kitchen equipment, $630

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.

-7500

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.

-2090