The following income statements are provided for Li Company's last two years of operation: 
Assuming that cost behavior did not change over the two year period, what is the annual amount of the company's fixed manufacturing overhead?
Definitions:
Common Law
A body of unwritten laws based on legal precedents established by the courts.
Social Values
Represent the important beliefs or ideals shared by members of a society concerning what is good or bad, and desirable or undesirable.
Public Policy
A governmental policy based on widely held societal values.
Legal Principles
Fundamental norms, rules, or doctrines that guide the practice of law and ensure fairness and justice in legal processes.
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