Chapter 18 Homework 3 Part 2 of 2 10 points eBook Seet Help Save & Ext Submit Required information [The following information applies to the questions displayed below.) Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (9,700 units at $280 each) Variable costs (9.700 units at $210 each) Contribution margin Fixed costs Income $2,716,000 2,037,000 79,000 441,000 5238,000 References 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 Check my work