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X Company is a service company and prepares monthly financial statements. In March, it billed customers $402,000 for services it provided; in April, it billed

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X Company is a service company and prepares monthly financial statements. In March, it billed customers $402,000 for services it provided; in April, it billed customers $370,000 for services it provided. In April, the company received $285,000 from its March customers and $241,000 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, $370,000; Statement of Cash Flows, $526,000 Income Statement, $526,000; Statement of Cash Flows, $772,000 Income Statement, $526,000; Statement of Cash Flows, $370,000 Income Statement, $772,000; Statement of Cash Flows, $526,000 O both statements, $370,000 O both statements, $241,000 Submit Answer Tries 0/99

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