Chapter 18 Exercises i Saved Help Save & Exit Submit Check my work 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 Part 2 of 5 HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2017 Sales (9,800 units at $280 each) Variable costs (9,800 units at $210 each) Contribution margin Fixed costs Pretax income points $2,744,000 2,058,000 $ 686,000 504,000 $ 182,000 Skipped eBook Hint Exercise 18-17 Target income and margin of safety (in dollars) LO C2 Print References 1. Assume Hudson Co. has a target pretax income of $162,000 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 anstver to 1 decimal place.) 1. Amount of sales 2. Margin of safety Mc Graw Hill