Bloom Company management predicts that it will incur fixed costs of $260,000 and earn pretax income of $510,000 in the next period. Its expected contribution margin ratio is 70%. Required: 1. Compute the amount of total dollar sales. 2. Compute the amount of total variable costs. 3.57 points Complete this question by entering your answers in the tabs below. 00was) 00:14:26 Required 1Required 2 eBook References Compute the amount of total dollar sales Dollar Sales Choose Numerator: Choose Denominator:Total Dollar Sales Fixed costs plus pretax income Contribution margin ratioTotal dollar sales 70%)=|$ 1,100,000 770,000I Required 1 Required 2 Required information The following information applies to the questions displayed below) Hudson Co. reports the contribution margin income statement for 2017 HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2017 Sales (10,000 units at $300 each) Variable costs (10,000 units at $240 each) Contribution margin Fixed costs Pretax income $3,000,e0e 2,400,000 $600,000 420,000 $180,000 1. Compute Hudson Co.'s break-even point in units and. 2. Compute Hudson Co.'s break-even point in sales dollars. 1. Break-even point 2. Break-even point 7,000 units The following information applies to the questions displayed below] Hudson Co. reports the contribution margin income statement for 2017 HUDSON CO Contribution Margin Income Statement For Year Ended December 31, 2017 Sales (10,000 units at $300 each) Variable costs (10,000 units at $240 each) Contribution margin Fixed costs Pretax income $3,000,e00 2,400,000 600,000 420,000 $ 180,000 1. Assume Hudson Co. has a target pretax income of $166,000 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