Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $2,100 May 5: Received and paid electricity bill, $70 • May 9: Received cash for meals served to customers, $3,410 May 14: Paid cash for kitchen equipment, $3,790 May 23: Served a banquet on account, $2,870 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $300 May 31: Recorded depreciation for May on kitchen equipment, $270 O 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 parentheses or a negative sign.

In 2018, laureen is currently single. she paid $2,800 of qualified tuition and related expenses for each of her twin daughters sheri and meri to attend state university as freshmen ($2,800 each for a total of $5,600). sheri and meri qualify as laureen’s dependents. laureen also paid $1,900 for her son ryan’s (also laureen’s dependent) tuition and related expenses to attend his junior year at state university. finally, laureen paid $1,200 for herself to attend seminars at a community college to her improve her job skills.what is the maximum amount of education credits laureen can claim for these expenditures in each of the following alternative scenarios? a. laureen's agi is $45,000.b. laureen’s agi is $95,000.c. laureen’s agi is $45,000 and laureen paid $12,000 (not $1,900) for ryan to attend graduate school (i.e, his fifth year, not his junior year).