The following information applies to the questions displayed below.] Melodys Piano School operations for the month of May were limited to the following transactions:

Provided $550 of piano lessons to students who paid in cash.

Provided $420 of piano lessons on account.

Collected $315 from students who took piano lessons during April.

Paid Aprils piano rental bill of $200.

Received Mays piano rental bill of $250 and set it aside for payment in June.

What is Melody's Net Income for May using the cash basis of accounting?

$720

$665

$315

$935