9 Required information The following information applies to the questions displayed belowj Hudson Co. reports the contribution margin income statement for 2017. HUDSON Co Contribution Margin Income Statement For Year Ended December 31, 2017 Sales (9,800 units at $280 each) Variable costs (9,800 units at $210 each 2,058,000 Contribution margir Fixed costs Pretax income $2,744,00e $ 686,e00 504,000 $ 182,000 1. Assume Hudson Co. has a target pretax income of $162,000 for 2018. What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson achieves its target pretax income for 2018, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.) 1. Amount of sales 2. Margin of safety