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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

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 $364,000 for services it provided.

In May, the company received $281,000 from its April customers and $240,000 from its May customers.

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

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