Please provide calculations and income statements if needed.

The ledger of Cullumber Limited at October 31, 2024, contains the following summary data: Your analysis reveals the following additional information: 1. The company has a 25% income tax rate. 2. On March 19, 2024, Cullumber discovered an error made in the previous fiscal year. A $65,000 payment of a note payable had been recorded as interest expense. 3. On April 10, 2024 , common shares costing $85,000 were reacquired for $109,000. This is the first time the company has reacquired common shares. Calculate profit for the year ended October 31, 2024. Profit $