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 nlgn. 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 $ 6,705 S 6,958 Cost of sales 4,090 4,463 Gross margin 2,615 2.495 Expenses Selling, general and administrative 1.846 1.784 Product development 176 166 Interest expense 99 124 Other (income), net (171) (98) Total expenses 1,950 Income before income taxes 305 519 Provision for income taxes 206 210 Net income $ 399 $ 309 Net income per common share $ 0.05$ 0.03 Weighted average number of common shares and 6,673,673 6,624 184 equivalents 1.976 "Income per common share reflects the deduction of the preferred stock dividend from net income