Required Information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below) Hudson Company reports the following contribution margin income statement. HUDSON CORFAIT Contribution Norgt Income state Por Year Ended December 31 tales (10,500 units at 5225 each) Variable cont (10,500 unitat 10 ch Contributionary Fixed cost Inc 3.2.362,500 1.890.000 472,500 369,000 103,500 Exercise 18-12 (Algo) Target income and margin of safety LO C2 1. Assume Hudson has a target income of $171,000. What amount of sales in dollars) is needed to produce this target income? 2. If Hudson achieves its target income, what is its margin of safety in percent)? (Round your answer to 1 decimal place.) 1. Amount of sales 2. Margin of safety