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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 4,000 3,000 Sales

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

2012 2013
Number of units produced and sold 4,000 3,000
Sales revenue $59,600 $44,700
Cost of goods sold 22,200 18,200
Gross margin 37,400 26,500
General, selling and administrative expenses 10,600 8,800
Net income $26,800 $17,700

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.)

$8,800

$10,600

$3,400

$2,900

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