Sunny Meadows is reevaluating the pricing of its fresh-squeezed orange juice in half-gallon containers. Variable costs per container are $1.60. Based on market analysis, management has set a price range of $2.60 to $3.10. Identify the price that maximizes contribution margin and prepare a detailed income statement.

Price per Half Gallon	Estimated Demand (Half-Gallon Units)
$2.60	97,000
$2.65	94,000
$2.70	91,000
$2.75	88,000
$2.80	85,000
$2.85	82,000
$2.90	79,000
$2.95	76,000
$3.00	73,000
$3.05	70,000
$3.10	67,000