From the French Instrument Corporation second quarter report ended 2018, do a vertical analysis for the second quarter of 2018. (Input all answers as positive values except other (income) which should be indicated by a minus sign. Round your answers to the nearest hundredth percent.) Percent of net FRENCH INSTRUMENT CORPORATION AND SUBSIDIARIES Consolidated Statements of Operation (Unaudited) (In thousands of dollars, except share data) Second Quarter 2018 2017 Net sales $ 6,642 $ 6,895 Cost of sales 4,081 4,454 Gross margin 2,561 2,441 Expenses: Selling, general and administrative 1,837 1,775 Product development 167 157 Interest expense 90 115 Other (income), net (180) (107) Total expenses 1,914 1,940 Income before income taxes 647 501 Provision for income taxes 257 201 Net income $ 390 300 Net income per common share* $ 0.05 $ 0.03 Weighted average number of common shares and equivalents 6,673,673 6,624,184 GA