X Company is a service company and prepares monthly financial statements. In March, it billed customers $400,000 for services it provided; in April, it billed customers $361,000 for services it provided.

In April, the company received $288,000 from its March customers and $240,000 from its April customers.

Which of the following amounts will appear on X Company's April Income Statement and Statement of Cash Flows? Income Statement, $528,000; Statement of Cash Flows, $761,000 both statements, $240,000 Income Statement, $528,000; Statement of Cash Flows, $361,000 Income Statement, $761,000; Statement of Cash Flows, $528,000 both statements, $361,000 Income Statement, $361,000; Statement of Cash Flows, $528,000