[The following information applies to the questions displayed below.] Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (11,400 units at $225 each) Variable costs (11,400 units at $180 each) Contribution margin Fixed costs Pretax income $2,565,000 2,052,000 513,000 360,000 $ 153,000 . Assume Hudson Co. has a target pretax income of $150,000 for 2020. What amount of sales (in dollars) is needed to produce arget income? 2. If Hudson achieves its target pretax income for 2020, what is its margin of safety in percent)? (Round your answer to 1 decim place.) Answer is complete but not entirely correct. 1. 2. Amount of sales Margin of safety $ 2,550,000 29.8 X %