Required information [The following information applies to the questions displayed below.] Hudson Co, reports the contribution margin income statement for 2017. 1. Assume Hudson Co. has a target pretax income of $156,000 for 2018 . What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson achleves its target pretax income for 2018, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.)