7 Required Information Part 2 of 2 [The following Information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. 3.58 points HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Book Sales (9,760 units at $280 each) $ 2, 716,060 Him Variable costs (9, 706 units at $210 each) 2, 037, 080 Contribution margin 679,080 Fixed costs 441, 008 Income $ 238,000 1. Assume Hudson has a target Income of $163.000. What amount of sales (in dollars) is needed to produce this target Income? 2. If Hudson achieves its target income, what Is Its margin of safety (In percent)? (Round your answer to 1 decimal place.) 1. Amount of sales 2. Margin of safety % Mc WE