The following information applies to the questions displayed below.) Hudson Co. reports the contribution margin income statement for 2019. 5 HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (10,600 units at $300 each) Variable costs (10, 600 units at $240 each) Contribution margin Fixed costs Pretax income $3,180,000 2,544,000 636,000 490,000 $ 156,000 1. Assume Hudson Co. has a target pretax income of $172,000 for 2020. What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson achieves its target pretax income for 2020. what is its margin of safety in percent)? (Round your answer to 1 decimal place.) 1 Amount of sales 2 Margin of safety %