The equity sections from the 2023 and 2024 balance sheets of Fab-Form Industries Inc. appeared as follows: Fab-Form Industries Inc. Equity Section of the Balance Sheet December 31, 2023 Contributed capital: Common shares, unlimited shares authorized, 95,100 shares issued and outstanding $ 679,000 Retained earnings 549,608 Total equity $ 1,228,608 Fab-Form Industries Inc. Equity Section of the Balance Sheet December 31, 2024 Contributed capital: Common shares, unlimited shares authorized, 113,400 shares issued and outstanding $ 818,080 Retained earnings 450,600 Total equity $ 1,268,680 On March 16, June 15, September 5, and November 22, 2024, the board of directors declared $0.20 per share cash dividends on the outstanding common shares. On October 14, 2024, 18,300 additional common shares were issued. Required: Under the assumption that there were no transactions affecting retained earnings other than the ones given, determine the 2024 profit (loss) of Fab-Form Industries Inc.