Use the following selected account balances of Delray Manufacturing for the year ended December $31.$

Sales

Raw materials inventory, beginning

Work in process inventory, beginning

Finished goods inventory, beginning

Raw materials purchases

Direct labor

Indirect labor

Repairs$-$Factory equipment

Rent cost of factory building

Selling expenses

General and administrative expenses

Raw materials inventory, ending

Work in process inventory, ending

Finished goods inventory, ending

$$1,500,000$

$64,000$

$83,000$

$108,000$

$294,000$

$353,000$

$53,000$

$42,000$

$84,000$

$134,000$

$214,000$

$77,000$

$100,000$

$130,000$

Prepare an income statement for Delray Manufacturing $($a manufacturer$).$ Assume that its cost of goods manufactured is $$796,000.$

The following equations describe the supply and demand for crude oil in the United States in the mid$-1980$s:

$Q_s=-2+(\frac{1}{2})P$

$Q_d=15-(\frac{1}{4})P$

where price is given in dollars and quantity in millions of barrels per day. The domestic equilibrium price is $$22\mathrm{.}67$ per barrel with $9\mathrm{.}3$ million barrels traded per day. If the world price is below this equilibrium price, a domestic shortage will develop. We can deal with this shortage by purchasing crude oil from foreign suppliers.

Determine the quantity of imports when the world price is $$10\mathrm{.}00$ per barrel.

At this price, imports are $$ million barrels per day. $($Round your answer to two decimal places.$)$