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X Company is a service company and prepares monthly financial statements. In March, it billed customers 5404,000 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 5404,000 for services it provided; in April, it billed customers $358,000 for services it provided In April, the company received $288,000 from its March customers and $245,000 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, $533,000; Statement of Cash Flows, $ 762,000 Income Statement, $762,000; Statement of Cash Flows, $533,000 Income Statement, $533,000; Statement of Cash Flows, $358,000 both statements, $358,000 Income Statement, $350,000; Statement of Cash Flows, $533,000 both statements, $245,000 Submit Answer Tries 0/99

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