Hudson Co. reports the contribution margin income statement for 2015. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2015 Sales (9,000 units at $416 each) $ 3,744,000 Variable costs (9,000 units at $312 each) 2,808,000 Contribution margin $ 936,000 Fixed costs 676,000 Pretax income $ 260,000 1. Assume Hudson Co. has a target pretax income of $156,000 for 2016. What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson achieves its target pretax income for 2016, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.)