Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Hargin Income Stateeent For Year Ended December 31 Sales (10,000 units at $300 each) Variable costs (10,000 units at $240 each) Contribution margin Fixed costs $ 3,000,000 2,400,000 600,000 420,000 $280,000 Income 1. Assume Hudson has a target income of $166,000. 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 Margin of safety