The budgeted income statement presented below is for Maxi Company for the coming fiscal year. If Maxi company is able to achieve the budgeted level of sales, its margin of safety in dollars would be: (round the answer to three decimal places)

Sales (50,000 units) $1,400,000

Direct materials	$350,000
Direct labor	300,000
Fixed factory overhead	110,000
Variable factory overhead	240,000
Fixed marketing costs	150,000
Variable marketing costs	90,000

Costs:

1,240,000

Pretax income $ 160,000