Use the following information for the Exercises below. [The following information applies to the questions displayed below. ] Hudson Co. reports the contribution margin income statement for 2017. HUDSON C0. Contribution Margin Income Statement For Year Ended December 31, 2017 Sales (10,900 units at $225 each) $2,452,500 Variable costs (10,900 units at $180 each) 1,962,000 Contribution margin $ 490,500 Fixed costs 387,000 Pretax income $ 103,500 Exercise 21-17 Target income and margin of safety (in dollars) LO C2 1. Assume Hudson Co. has a target pretax income of $159,000 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.) IlAmounrosalesr _l al