The following information applies to the questions displayed below) Hudson Co. reports the contribution margin income statement for 2017 Contribution Margin Income Statement For Year Ended r 31, 2017 Sales (11,300 units at $175 each) Variable costs (11,300 units at $140 each) Contribution margin Fixed costs $1,977,500 1,582,000 395,500 315,000 80,500 1. Assume Hudson Co. has a target pretax income of $155,000 for 2018. What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson achieves its target pretax income for 2018, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.) 1. Amount of sales 2. of