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, 96,400 shares issued and outstanding	$	692,000
Retained earnings		562,608
Total equity	$	1,254,608

Fab-Form Industries Inc.
Equity Section of the Balance Sheet
December 31, 2024
Contributed capital:
Common shares, unlimited shares authorized, 116,000 shares issued and outstanding	$	840,960
Retained earnings		463,600
Total equity	$	1,304,560

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, 19,600 additional common shares were issued. Required: Under the assumption that there were no transactions affecting retained earnings other than the ones given, determine the 2024 profit (loss) of Fab-Form Industries Inc.