X Company is a service company and prepares monthly financial statements. In April, it billed customers $410,000 for services it provided; in May, it billed customers $359,000 for services it provided.

In May, the company received $288,000 from its April customers and $255,000 from its May customers.

Which of the following amounts will appear on X Company's May Income Statement and Statement of Cash Flows? both statements, $359,000 Income Statement, $543,000; Statement of Cash Flows, $769,000 Income Statement, $359,000; Statement of Cash Flows, $543,000 Income Statement, $543,000; Statement of Cash Flows, $359,000 Income Statement, $769,000; Statement of Cash Flows, $543,000 both statements, $255,000