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.) FRENCH INSTRUMENT CORPORATION AND SUBSIDIARIES Consolidated Statements of Operation (Unaudited) (In thousands of dollars, except share data) Second Quarter 2018 2017 Percent of net Net sales $ 6,642 $ 6,895 4,081 4,454 2,561 2,441 1,837 1,775 Cost of sales Gross margin Expenses: Selling, general and administrative Product development Interest expense Other (income), net Total expenses Income before income taxes 167 157 90 115 (180) 1,914 647 257 390 (107) 1,940 501 Provision for income taxes 201 Net income $ $ 300 $ 0.05 $ 0.03 Net income per common share* Weighted average number of common shares and equivalents 6,673,673 6,624,184