Bonita Ltd. has 280,000 common shares authorized and 80,000 shares issued on December 31, 2020. On January 2, 2021, Windsor Inc., which reports under IFRS, purchased shares of Bonita for $60 per share on the stock market from another investor. Windsor intends to hold these shares as a long-term investment and initially categorizes it as FVTOCI. Windsors accountant prepared a trial balance as at December 31, 2021, under the assumption that the investment is valued at FVTOCI. Under this assumption, the trial balance included the following accounts and amounts related to the Bonita investment:

Investments at FVTOCI		$1,320,000
Dividend revenue		100,000
OCIholding gain or (loss)		120,000

e.) Assume that, after closely examining the situation, Windsors auditors determine that Windsor has significant influence over Bonita. Accordingly, the investment account is adjusted to $1,387,500 at December 31, 2021. What was the profit reported by Bonita for the year ended December 31, 2021?