! Required information The following information applies to the questions displayed below.) Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (10,400 units at $289 each) Variable costs (10,400 units at $210 each) Contribution margin Fixed costs Pretax income $2,912,000 2,184,000 728,000 567,000 $ 161,000 1. Assume Hudson Co has a target pretax income of $170,000 for 2020. What amount of sales (in dollars) is needed to produce this target Income? 2. If Hudson achieves its target pretax income for 2020, what is its margin of safety in percent)? (Round your answer to 1 decimal place.) 1 Amount of sales 2 Margin of safety ribution margin Income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (10,400 units at $280 each) Variable costs (10,400 units at $210 each) Contribution margin Fixed costs Pretax income $2,912,000 2,184,000 728,000 567,000 $ 161,000 If the company raises its selling price to $300 per unit. 1. Compute Hudson Co.'s contribution margin per unit. 2. Compute Hudson Co.'s contribution margin ratio. 3. Compute Hudson Co.'s break-even point in units. 4. Compute Hudson Co's break-even point in sales dollars. Contribution margin Contribution margin ratio Break-even point Break-even sales dollars per unit % 3 units 4