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X Company is a service company and prepares monthly financial statements. In March, it billed customers $411,000 for services it provided; in April, it billed

X Company is a service company and prepares monthly financial statements. In March, it billed customers $411,000 for services it provided; in April, it billed customers $365,000 for services it provided.

In April, the company received $285,000 from its March customers and $247,000 from its April customers.

Which of the following amounts will appear on X Company's April Income Statement and Statement of Cash Flows?

4 multiple choice questions below....

1 ) Income Statement, $776,000;Statement of Cash Flows, $532,000

both statements, $365,000

2 ) Income Statement, $365,000;Statement of Cash Flows, $532,000

both statements, $247,000

3 ) Income Statement, $532,000;Statement of Cash Flows, $365,000

4 )Income Statement, $532,000;Statement of Cash Flows, $776,000

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