Golden Harvest is reevaluating the pricing of its fresh-squeezed apple cider in half-gallon containers. Variable costs per container are $1.70. Based on market analysis, management has set a price range of $2.70 to $3.20. Identify the price that maximizes contribution margin and prepare a balance sheet reflecting this pricing strategy.

Price per Half Gallon	Estimated Demand (Half-Gallon Units)
$2.70	92,000
$2.75	89,000
$2.80	86,000
$2.85	83,000
$2.90	80,000
$2.95	77,000
$3.00	74,000
$3.05	71,000
$3.10	68,000
$3.15	65,000
$3.20	62,000