Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (10,900 units at $225 each) Variable costs (10,900 units at $180 each) Contribution margin Fixed costs Income $ 2,452,500 1,962,000 490,500 387,000 $ 103,500 Exercise 21-12 (Algo) Target income and margin of safety LO C2 1. Assume Hudson has a target income of $159,000. What amount of sales (in dollars) is needed to produce 2. If Hudson achieves its target income, what is its margin of safety (in percent)? (Round your answer to 1 de 1. Dollar sales for target income 2. Margin of safety %