X Company is a service company and prepares monthly financial statements. In March, it billed customers $401,000 for services it provided; in April, it billed customers $354,000 for services it provided.

In April, the company received $282,000 from its March customers and $279,000 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, $561,000; Statement of Cash Flows, $755,000 both statements, $279,000 both statements, $354,000 Income Statement, $755,000; Statement of Cash Flows, $561,000 Income Statement, $354,000; Statement of Cash Flows, $561,000 Income Statement, $561,000; Statement of Cash Flows, $354,000