Tidys Consultants Inc. had the following selected transactions in May 2020: (Click the icon to view the transactions.) Requirements 1. Show how each transaction would be handled using the cash basis and the accrual basis. Assume depreciation expense of $30 for software and $30 for the computer. 2. Compute May income (loss) before tax under each accounting method. 3. Indicate which measure of net income or net loss is preferable. Use the transactions on May 11 and May 24 to explain. transactions that do not affect revenues or expenses. Use parentheses or a minus sign when entering expenses or losses.) Tidys Consultants Inc. Amount of Revenue (Expense) for May 2020 Date May 1 May 4 May 5 Cash Basis 1000 1000 1200 Accrual Basis 0