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X Company is a service company and prepares monthly financial statements. In March, it billed customers $408,000 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 $408,000 for services it provided; in April, it billed customers $356,000 for services it provided. In April, the company received $286,000 from its March customers and $242,000 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, $528,000; Statement of Cash Flows, $764,000 Income Statement, $528,000; Statement of Cash Flows, $356,000 both statements, $242,000 Income Statement, $764,000; Statement of Cash Flows, $528,000 Income Statement, $356,000; Statement of Cash Flows, $528,000 both statements, $356,000 12 Tries 0/99

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