X Company is a service company and prepares monthly financial statements. In March, it billed customers $405,000 for services it provided; in April, it billed customers $360,000 for services it provided.

In April, the company received $289,000 from its March customers and $243,000 from its April customers.

Which of the following amounts will appear on X Company's April Income Statement and Statement of Cash Flows? A. Income Statement, $532,000; Statement of Cash Flows, $765,000 B. both statements, $243,000 C. Income Statement, $360,000; Statement of Cash Flows, $532,000 D. Income Statement, $765,000; Statement of Cash Flows, $532,000 E. both statements, $360,000 F. Income Statement, $532,000; Statement of Cash Flows, $360,000