X Company is a service company and prepares monthly financial statements. In April, it billed customers $400,000 for services it provided; in May, it billed customers $362,000 for services it provided. In May, the company received $288,000 from its April customers and $249,000 from its May customers. Which of the following amounts will appear on X Company's May Income Statement and Statement of Cash Flows? O Income Statement, $762,000; Statement of Cash Flows, $537,000 Income Statement, $362,000; Statement of Cash Flows, $537,000 O Income Statement, $537,000; Statement of Cash Flows, $762,000 O Income Statement, $537,000; Statement of Cash Flows, $362,000 O both statements, $249,000 O both statements, $362,000 Submit Answer Tries 0/2