From the French Instrument Corporation second-quarter report ended 2020, do a vertical analysis for the second quarter of 2020. 

FRENCH INSTRUMENT CORPORATION AND SUBSIDIARIES
Consolidated Statements of Operation
(Unaudited) (In thousands of dollars, except share data)
	Second Quarter
	2020	2019	Percent of net
Net sales	$6,698	$6,951
Cost of sales	4,089	4,462
Gross margin	2,609	2,489
Expenses:
Selling, general and administrative	1,845	1,783
Product development	175	165
Interest expense	98	123
Other (income), net	(172)	(99)
Total expenses	1,946	1,972
Income before income taxes	663	517
Provision for income taxes	265	209
Net income	$398	$308
Net income per common share*	$0.05	$0.03
Weighted average number of common shares and equivalents	6,673,673	6,624,184

*Income per common share reflects the deduction of the preferred stock dividend from net income.