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	$6,644	$6,888
Cost of sales	4,080	4,453
Gross margin	2,564	2,435
Expenses:
Selling, general and administrative	1,836	1,774
Product development	166	156
Interest expense	89	114
Other (income), net	(181)	(108)
Total expenses	1,910	1,936
Income before income taxes	654	499
Provision for income taxes	256	200
Net income	$398	$299
Net income per common share*	$0.05	$0.03
Weighted average number of common shares and equivalents	6,673,673	6,624,184