weet Catering completed the following selected transactions during May 2016: - May 1: Prepaid rent for three months, $2,700 - May 5: Received and paid electricity bill, $220 - May 9: Received cash for meals served to customers, \$120 - May 14: Paid cash for kitchen equipment, $2,310 - May 23: Served a banquet on account, $2,210 - May 31: Made the adjusting entry for rent (from May 1). - May 31: Accrued salary expense, $1,590 - May 31: Recorded depreciation for May on kitchen equipment, $330 If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have 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 hav the month of May? If there is a loss, enter it with parentheses or a negative sign. (1) Something still needs to be fixed. Wweet Catering completed the following selected transactions during May 2016: - May 1: Prepaid rent for three months, $2,700 - May 5: Received and paid electricity bill, $220 - May 9: Received cash for meals served to customers, $120 - May 14: Paid cash for kitchen equipment, 92,310 - May 23: Served a banquet on account, $2,210 - May 31: Made the adjusting entry for rent (from May 1). - May 31: Accrued salary expense, 51,590 - May 31: Recorded depreciation for May on kitchen equipment, $330 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. (1) Something still needs to be fixed. Check your work