From the French Instrument Corporation second-quarter report ended 2020. do a vertical analysis for the second quarter of 2020, (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 2019 Net sales Percent of net 98.38 $ 2020 6,698 $ 4,089 8.951 Cost of sales 4.482 2,609 2,489 1,845 1,783 175 165 Gross margin Expenses: Selling, general and administrative Product development Interest expense Other (income), net Total expenses Income before income taxes Provision for income taxes 98 123 (172) 1,948 863 (99) 1,972 517 265 209 Net income $ 398 308 GOGO $ 0.05 Net income per common share Weighted average number of common shares and equivalents 0.03 6,824,184 6,673 673