Golden Valley Orchards is reevaluating the pricing of its fresh-squeezed peach juice in half-gallon containers. Variable costs per container are $1.70. Based on market study, management has set a price range of $2.70 to $3.20. Identify the price that maximizes contribution margin and prepare a comprehensive income statement.

Price per Half Gallon	Estimated Demand (Half-Gallon Units)
$2.70	94,000
$2.75	91,000
$2.80	88,000
$2.85	85,000
$2.90	82,000
$2.95	79,000
$3.00	76,000
$3.05	73,000
$3.10	70,000
$3.15	67,000
$3.20	64,000