X Company is a service company and prepares monthly financial statements. In April, it billed customers $407,000 for services it provided; in May, it billed customers $359,000 for services it provided. In May, the company received $282,000 from its April customers and $277,000 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, $766,000; Statement of Cash Flows, $559,000 O both statements, $359,000 O Income Statement, $359,000; Statement of Cash Flows, $559,000 O both statements, $277,000 O Income Statement, $559,000; Statement of Cash Flows, $359,000 O Income Statement, $559,000; Statement of Cash Flows, $766,000 Submit Answer Tries 0/99