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X Company is a service company and prepares monthly financial statements. In March, it billed customers $404,000 for services it provided; in April, it billed

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X Company is a service company and prepares monthly financial statements. In March, it billed customers $404,000 for services it provided; in April, it billed customers $357,000 for services it provided. In April, the company received $280,000 from its March customers and $275,000 from its April customers. Which of the following amounts will appear on X Company's April Income Statement and Statement of Cash Flows? O Income Statement, $555,000; Statement of Cash Flows, $357,000 O Income Statement, $761,000; Statement of Cash Flows, $555,000 O Income Statement, $555,000; Statement of Cash Flows, $761,000 O Income Statement, $357,000; Statement of Cash Flows, $555,000 O both statements, $275,000 O both statements, $357,000

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