Drill Problem $16-6($Algo$)[$LU $16-2(2)]$

From the French Instrument Corporation second$-$quarter report ended $2023,$ do a vertical analysis for the second quarter of $2023.$ Note: 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.

$\backslash$table$[[$FRENCH INSTRUMENT CORPORATION AND SUBSIDIARIES$],[$Consolidated Statements of Operation$],[($Unaudited$)($In thousands of dollars, except share data$)],[,$Second Quarter,Percent of net$],[,2023,2022],[$Net sales,$6,722,6,972,],[$Cost of sales,$4,092,4,465,],[$Gross margin,$2,630,2,507,],[$Expenses:$],[$Selling$,$ general and administrative,$1,848,1,786,],[$Product development,$178,168,],[$Interest expense,$101,126,],[$Other $($income$),$ net,$(169),(96),],[$Total expenses,$1,958,1,984,],[$Income before income taxes,$672,523,],[$Provision for income taxes,$268,212,],[$Net income,$404,311,],[$Net income per common share$*,0\mathrm{.}05,0\mathrm{.}03,],[$Weighted average number of common shares and equivalents,$6,673,673,6,624,184,]]$