X Company is a service company and prepares monthly financial statements. In April, it billed customers $406,000 for services it provided; in May, it billed customers $365,000 for services it provided. In May, the company received $283,000 from its April customers and $275,000 from its May customers. Which of the following amounts will appear on X Company's May Income Statement and Statement of Cash Flows? On O both statements, $275,000 Income Statement, $558,000; Statement of Cash Flows, $771,000 O Income Statement, $771,000; Statement of Cash Flows, $558,000 O Income Statement, $365,000; Statement of Cash Flows, $558,000 O Income Statement, $558,000; Statement of Cash Flows, $365,000 O both statements, $365,000 Submit Answer) Tries 0/2