14 Required information [The following information applies to the questions displayed below.) Hudson Company reports the following contribution margin income staternent HUDSON COMPANY Contribution Margin Income Statenent For Year Ended December 31 Sales (11,000 units at $300 each) $ 3,300,00 Variable costs (11,820 units at $248 each) 2,640,ele Contribution margin 662,00 Fixed costs 360,000 Income $ 300,000 1. Assume Hudson has a torget Income of $158,000 What amount of sales (in dollars) is needed to produce this target Income? 2. Hudson achieves its targetincome, what is its margin of safety in percent)? (Round your answer to 1 decimal place.) 1. Amount of sales 2 Margin of safety