Hartzog Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $60 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.04 per share. The gross margin percentage for Year 2 is closest to:

		41.5%
		70.9%
		15.2%
		658.8%