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Use the following information for the Exercises below. $($Algo$)$

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Hudson Company reports the following contribution margin income statement.

Exercise $18-12($Algo$)$ Target income and margin of safety LO C$2$

Assume Hudson has a target income of $$167,000.$ What amount of sales $($in dollars$)$ is needed to produce this target income?

If Hudson achieves its target income, what is its margin of safety $($in percent$)?($Round your answer to $1$ decimal place.$)$