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Hudson Company reports the following contribution margin income statement. HUDSON COMPANYContribution Margin Income StatementFor Year...

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Accounting

Hudson Company reports the following contribution margin income statement. HUDSON COMPANYContribution Margin Income StatementFor Year Ended December 31Sales (10,700 units at $300 each)$ 3,210,000Variable costs (10,700 units at $240 each)2,568,000Contribution margin642,000Fixed costs504,000Income$ 138,0001. Assume Hudson has a target income of $161,000. What amount of sales (in dollars) is needed to produce this target income?2. If Hudson achieves its target income, what is its margin of safety (in percent)?(Round your answer to 1 decimal place.)

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