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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.

HUDSON COMPANY

Contribution Margin Income Statement

For Year Ended December $31$

Sales $(10,100$ units at $$300$ each$)$ $ $3,030,000$

Variable costs $(10,100$ units at $$240$ each$)2,424,000$

Contribution margin $606,000$

Fixed costs $468,000$

Income $ $138,000$

Exercise $21-12($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$)?$