Required information Use the following information for the Exercises below. (The following information applies to the questions displayed below] Hudson Co. reports the contribution margin income statement for 2017 HUDSON co Contribution Margin Income Statement For Year Ended December 31, 2017 Sales (9,600 units at $225 each) Variable costs (9,600 units at $180 each) Contribution margin Fixed costs Pretax income $2, 160, 000 1, 728, 000 S 432, 000 324,000 S 108, 000 Exercise 18-17 Target income and margin of safety (in dollars) LO C2 1. Assume Hudson Co. has a target pretax income of $162,000 for 2018. What amount of sales (in dollars) is needed to produce this target income? 2. I Hudson achieves its target pretax income for 2018, what is ts margin of safety (n percent? (Round your answer to 1 decimal place.) Amount of salers 2 Margin of safety