Saved Submit Homework - REQUIRED Help Save & Exit Check my work 7 [The following information applies to the questions displayed below) Hudson Co. reports the contribution margin income statement for 2019. 2 of 2 HUDSON Co. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (9,600 units at $225 each) variable costs 19,600 unito at $180 each) Contribution margin Fixed costs Pretax income $2,160,000 1,728,000 432,000 324,000 $ 108,000 8 ints Book Hir Exercise 21-17 Target income and margin of safety (in dollars) L C2 Paint References 1. Assume Hudson Co has a target pretax income of $162,000 for 2020. What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson achieves its target pretax income for 2020, what is its margin of safety in percent)? (Round your answer to 1 decimal place.) 1 Amount of sales 2. Margin of safety % S Me Graw HILL