2-27 The general ledger of the Fly-Buy-Nite (FBN) Engineering Company contained the follow- ing account balances. Construct an income statement. What is the net income before taxes and the net profit (or loss) after taxes? FBN has a tax rate of 27%. Amount (thousands) Administrative expenses $ 2,750 Subcontracted services 18,000 Development expenses 900 Interest expense 200 Sales revenue 30,000 Selling expenses 4,500