During the year, X Company sold merchandise on account to customers for $402,000. The company collected $381,000 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? $21,000 appears on the Income Statement and $381,000 appears on the Statement of Cash Flows O $381,000 appears on both statements O $21,000 appears on both statements O $402,000 appears on both statements $381,000 appears on the Income Statement and $402,000 appears on the Statement of Cash Flows O $402,000 appears on the Income Statement and $381,000 appears on the Statement of Cash Flows Submit Answer Tries 0/99