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, 96,600 shares issued and outstanding Retained earnings Total equity $ 694,000 564, 608 $1,258,608 Fab-Form Industries Inc. Equity Section of the Balance Sheet December 31, 2021 Contributed capital: Common shares, unlimited shares authorized, 116,400 shares issued and outstanding Retained earnings Total equity $ 844,480 465,600 $1,310,080 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, 19,800 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. 3 of 3 Next BRE