The Equity section from 2020 and 2021 balance sheets of Fab-Form Industries Inc. is given in the Excel sheet. On march16, June 15, September 5, and November 22,2021, the board of directors declared $0.20 per share cash dividend on the outstanding common shares. On October 14,2021,19,200 additional shares were issued.

December 31, 2020
Contributed capital:
Common shares, unlimited shares authorized,
96,000 shares issued and outstanding	$ 688,000
Retained earnings	558,608
Total equity	$ 1,246,608
Fab-Form Industries Inc.
Equity Section of the Balance Sheet
December 31, 2021
Contributed capital:
Common shares, unlimited shares authorized,
115,200 shares issued and outstanding	$ 833,920
Retained earnings	459,600
Total equity	$ 1,293,520
Date	Cash Dividends Declared (per share)
March 16, 2021	$ 0.20
June 15, 2021	$ 0.20
September 5, 2021	$ 0.20
November 22, 2021	$ 0.20
Common share data
Shares outstanding, December 31, 2020	96,000
Shares outstanding, December 31, 2021	115,200
Additional shares issued, Oct. 14, 2021	19,200

Step 1: Calculate dividends declared in 2021
Date	Common shares outstanding	Dividend per Share	Total
March 16, 2021
June 15, 2021
September 5, 2021
November 22, 2021
Total dividends declared
Step 2: Calculate Profit (loss) in 2021
Note:
Retained earnings, December 31, 2020
Add: Profit, 2021
Less: Dividends declared, 2021
Equals: Retained earnings, December 31, 2021
Therefore:
Retained earnings, December 31, 2021
Add: Dividends declared, 2021
Less: Retained earnings, December 31, 2020
Equals: Profit (loss), 2021