During the year, X Company sold merchandise on account to customers for $405,000. The company collected $382,000 in cash from customers during the year. Which of these amounts appears on the Income Statement and which appears on the Statement of Cash Flows? $23,000 appears on both statements $382,000 appears on both statements $405,000 appears on both statements $405,000 appears on the Income Statement and $382,000 appears on the Statement of Cash Flows $382,000 appears on the Income Statement and $405,000 appears on the Statement of Cash Flows $23,000 appears on the Income Statement and $382,000 appears on the Statement of Cash Flows