Required information [The following information applies to the questions displayed below.] Hudson Co, reports the contribution margin income statement for 2019. 1. Assume Hudson Co, has a target pretax income of $154,000 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.) Assume the company is considering investing in a new machine that will increase its fixed costs by $36,000 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