Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. Exercise 21-12 (Static) Target income and margin of safety LO C2 1. Assume Hudson has a target income of $162,000. What amount of sales dollars is needed to produce this target income? 2. If Hudson achieves its target income, what is its margin of safety (in percent)? Note: Round your answer to 1 decimal place