Chapter 5. Homework Required information 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 2019 Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (11,100 sits at $175 each) Variable costs (11,300 units at 5140 each) Contribution margin- 51,977,500 1.52,00 315.000 0,500 Pretax income $ Exercise 05-17 Target income and margin of safety (in dollars) LO C2 L ume Hudson Co has a target pretax income of $155 000 for 2020 what amount of sales and is needed to produce this target Income 2. Hudson achieves its target pretax income for 2020, what is its margin of safety in percent (Round your answer to 1 decimal place.)