The equity sections from the 2020 and 2021 balance sheets of Fab-Form Industries Inc. appeared as follows: Fab-Form Industries Inc. Equity Section of the Balance Sheet December 31, 2020 Contributed capital: Common shares, unlimited shares authorized, 95,400 shares issued and outstanding Retained earnings Total equity $ 682,000 552,608 $1,234,608 Fab-Form Industries Inc. Equity Section of the Balance Sheet December 31, 2021 Contributed capital: Common shares, unlimited shares authorized, 114,000 shares issued and outstanding Retained earnings Total equity $ 823,360 453,600 $1,276,960 On March 16, June 15, September 5, and November 22, 2021, the board of directors declared $0.20 per share cash dividends on the outstanding common shares. On October 14, 2021, 18,600 additional common shares were issued. Required: Under the assumption that there were no transactions affecting retained earnings other than the ones given, determine the 2021 profit (loss) of Fab-Form Industries Inc