X Company is a service company and prepares monthly financial statements. In April, it billed customers $407,000 for services it provided; in May, it billed customers $357,000 for services it provided. In May, the company received $284,000 from its April customers and $262,000 from its May customers. Which of the following amounts will appear on X Company's May Income Statement and Statement of Cash Flows? Income Statement, $764,000; Statement of Cash Flows, $546,000 both statements, $357,000 both statements, $262,000 Income Statement, $357,000; Statement of Cash Flows, $546,000 Income Statement, $546,000; Statement of Cash Flows, $764,000 Income Statement, $546,000; Statement of Cash Flows, $357,000 Tries 0/99