veet Catering completed the following selected transactions during May 2016 : - May 1: Prepaid rent for three months, $1,800 - May 5: Received and paid electricity bill, $80 - May 9: Received cash for meals served to customers, \$3,960 - May 14: Paid cash for kitchen equipment, \$3,400 - May 23: Served a banquet on account, \$1,630 - May 31: Made the adjusting entry for rent (from May 1). - May 31: Accrued salary expense, \$2,250 - May 31: Recorded depreciation for May on kitchen equipment, $140 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