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Prepare the responses identified. Attach solutions in the same order of the problems with each problem number and solution clearly identified. 17-1 Partial listing of account balances from the ledger of MKBK Manufacturing is provided for the end of year 2002. The amount shown is in $1000's. Develop an income statement. What is the net income before taxes and the net profit (or loss) after taxes? MKBK is at 34% tax bracket. Payroll and administrative expenses $16,000 Subcontract expenses 20,000 Development expenses 18,000 Interest payment 400 Sales revenue 65,000 Selling expenses 9,000