X Company is a service company and prepares monthly financial statements. In April, it billed customers $401,000 for services it provided; in May, it billed customers $356,000 for services it provided. In May, the company received $286,000 from its April customers and $247,000 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, $533,000; Statement of Cash Flows, $757,000 O both statements, $356,000 O Income Statement, $356,000; Statement of Cash Flows, $533,000 O both statements, $247,000 O Income Statement, $757,000; Statement of Cash Flows, $533,000 O Income Statement, $533,000; Statement of Cash Flows, $356,000