Required informotion 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. Exercise 18-12 (Algo) Target income and margin of safety LO C2 1. Assume Hudson has a target income of $163.000. 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.)