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 $360,000 for services it provided. In May, the company received $282,000 from its April customers and $276,000 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, $360,000; Statement of Cash Flows, $558,000 O Income Statement, $558,000; Statement of Cash Flows, $360,000 O both statements, $360,000 O Income Statement, $767,000; Statement of Cash Flows, $558,000 Income Statement, $558,000; Statement of Cash Flows, $767,000 O both statements, $276,000