Hudson Co. reports the contribution margin income statement for 2015. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2015 Sales (9,700 units at $160 each) $ 1,552,000 Variable costs (9,700 units at $120 each) 1,164,000 Contribution margin $ 388,000 Fixed costs 200,000 Pretax income $ 188,000 1. Assume Hudson Co. has a target pretax income of $163,000 for 2016. 1-What amount of sales (in dollars) is needed to produce this target income?

If Hudson achieves its target pretax income for 2016, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.)