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 (10,000 units at $300 each) $3,000,000 Variable costs (10,000 units at $240 2,400,000 each) Contribution margin 600,000 Fixed costs 420,000 Pretax income $ 180,000 1. Assume Hudson Co. has a target pretax income of $166,000 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