HUDSON CO Contribution Margin Income Statement For Year Ended December 31, 2017 Sales (10,100 units at $300 each) $3,030,000 Variable costs (10,100 units at $240 each) _2,424,000 Contribution margin Fixed costs Pretax income $ 606,000 468, 000 $ 138,000 Exercise 18-17 Target income and margin of safety (in dollars) LO C2 1. Assume Hudson Co. has a target pretax income of $167,000 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.) 1. Amount of sales 2. Margin of safety 26.31%