Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (9,600 units at $225 each) $2,160,000 Variable costs (9,600 units at $180 each) 1,728,000 Contribution margin 432,000 Fixed costs 324,000 Income $108,000 Units sold 9,600 Selling price per unit $225 Variable cost per unit $180 Target income $162,000 Required: 1. Assume Hudson has a target income of $162,000. What amount of sales dollars is needed to produce this target income? Dollar sales for target income 2. If Hudson achieves its target income, what is its margin of safety (in percent)? Margin of safety