Required information [The following information applies to the questions displayed below.) Hudson Co. reports the contribution margin income statement for 2019. BON Co. Contribution Margin Income Statement For Tear Ended December 31, 2019 Sales 19,700 units at $280 cach) $2,716,000 Variable coste (9.700 unite at $210 each) 2,091.00 Contribution margin 679,000 Tixed cost 44. DO Pretax income $ 238,000 1. Assume Hudson Co. has a target pretax income of $163,000 for 2020. What amount of sales in dollars) is needed to produce this 2. 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 Hudson Co. reports the contribution margin income statement for 2019. HUDSON Co. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (9,700 units at $280 each) Variable costs (9,700 units at $210 each) Contribution margin Pixed costs Pretax income $2,716,000 2,037,000 679,000 441,000 $ 238,000 Assume the company is considering investing in a new machine that will increase its fixed costs by $41,000 per year and decrease its variable costs by $10 per unit. Prepare a forecasted contribution margin income statement for 2020 assuming the company purchases this machine. HUDSON CO. Forecasted Contribution Margin Income Statement For Year Ended December 31, 2020 Sales Variable costs Contribution margin Fixed costs Income (pretaxyLoss $ Should the company purchase the machine? 0