Sweet Catering completed the following selected transactions during May 2016: May 5: Received and paid electricity bill, $140 May 9: Received cash for meals served to customers, $530 May 23: Served a banquet on account, $1,770 May 31: Accrued salary expense, $1,760 May 31: Recorded prepaid insurance expired, $390 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 (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign