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

	2012	2013
Number of units produced and sold	4,000	3,500
Sales revenue	$60,000	$52,500
Cost of goods sold	39,200	35,200
Gross margin	20,800	17,300
General, selling and administrative expenses	11,500	10,500
Net income	$9,300	$6,800

Assuming that cost behavior did not change over the two year period, what is the company's annual fixed general, selling, and administrative cost? (Do not round intermediate calculations.)

$11,500

$3,000

$10,500

$3,500