! Required information [The following information applies to the questions displayed below.) Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Incone Statement For Year Ended December 311 Sales (11,100 units at $375 each) Variable costs (11,100 units at $300 each) Contribution margin $ 4,162,500 3,330,000 832,500 660,000 Fixed costs Income $ 172,500 1. Assume Hudson has a target income of $156,000. 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 2. Margin of safety %