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.) Net sales Cost of sales Gross margin FRENCH INSTRUMENT CORPORATION AND SUBSIDIARIES Consolidated Statements of Operation (Unaudited) (In thousands of dollars, except share data) Second Quarter 2018 2017 Percent of net $ 6,765 $ 7,014 4,098 4,471 2,667 2,543 Expenses: Selling, general and administrative 1,854 1,792 Product development Interest expense Other (income), net Total expenses Income before income taxes 184 174 107 132 (163) (90) 1,982 2,008 685 535 Provision for income taxes 274 218 Net income 69 $ 411 $ 317 Net income per common share* $ 0.05 $ 0.03 Weighted average number of common shares and equivalents 6,673,673 6,624,184