The following are the operational transactions related to Melody's Piano School for the month

of May:

Provided $$500$ of piano lessons to students who paid in cash.

Provided $$380$ of piano lessons on account.

Collected $$285$ from students who took piano lessons during April.

Paid April's piano rental bill of $$175.$

Received May's piano rental bill of $$225$ and set it aside for payment in June.

Assuming the company uses accrual basis accounting, what is net income for May?

Multiple Choice

$$655$

$$610$

$$840$

$$285$