May 1: prepaid rent for three months, $1,800 may 5: received and paid electricity bill, $120 may 9: received cash for meals served to customers, $2,890 may 14: paid cash for kitchen equipment, $3,470 may 23: served a banquet on account, $1,560 may 31: made the adjusting entry for rent (from may 1). may 31: accrued salary expense, $1,000 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.