Haslem Inc.has provided the following data concerning its only product: 
Required:
Compute the margin of safety in both dollars and as a percentage of sales.
Definitions:
Filing Statement
An official document submitted to a regulatory body or institution, detailing certain financial information or changes in ownership.
Tax-Free
Income, dividends, or distributions that are not subject to federal income tax.
Formed Corporation
A business entity that is legally created and registered under state law, offering liability protection to its owners.
Transaction
An agreement or exchange between two parties involving goods, services, or financial assets.
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