Required information [The following information applies to the questions displayed below.) Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (10,300 units at $375 each) Variable costs (10,300 units at $300 each) Contribution margin Fixed costs $ 3,862,500 3,090,000 772,500 600,000 $ 172,500 Income 1. Assume Hudson has a target income of $169,000. What amount of sales in dollars) is needed to produce this target incom 2. If Hudson achieves its target income, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.) 1. Dollar sales for target income 2. Margin of safety %