Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Sales (all on account) Cost of goods sold $1,460 863 Gross margin Selling and administrative expenses 597 267 330 Net operating income Interest expense Net income before taxes Income taxes (30%) 286 86 Net income $ 200 Dividends on common stock during Year 2 totaled $80 thousand. The market price of common stock at the end of Year 2 was $9.49 per share Required a. Compute the gross margin percentage for Year 2.(Round your answer to 2 decimal place.) Gross margin percentage b. Compute the earnings per share (of common stock) for Year 2.(Round your answer to 2 decimal places.) Earnings per share Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Sales (all on account) Cost of goods sold $1,460 863 Gross margin Selling and administrative expenses 597 267 330 Net operating income Interest expense Net income before taxes Income taxes (30%) 286 86 Net income $ 200 Dividends on common stock during Year 2 totaled $80 thousand. The market price of common stock at the end of Year 2 was $9.49 per share Required a. Compute the gross margin percentage for Year 2.(Round your answer to 2 decimal place.) Gross margin percentage b. Compute the earnings per share (of common stock) for Year 2.(Round your answer to 2 decimal places.) Earnings per share