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The following income statements are provided for Li Company's last two years of operation: 2012 2013 Number of units produced and sold 4,100 3,700 Sales

The following income statements are provided for Li Company's last two years of operation:

2012 2013
Number of units produced and sold 4,100 3,700
Sales revenue $69,700 $62,900
Cost of goods sold 55,300 49,960
Gross margin 14,400 12,940
General, selling and administrative expenses 12,620 11,740
Net income $1,780 $1,200

Assuming that cost behavior did not change over the two year period, what is the annual amount of the company's fixed manufacturing overhead?

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