You want to purchase shares of every IPO that comes to the market. The next two IPOs are each priced at $26.80 a share and will begin trading on the same day. Your broker allocates 710 shares of IPO A and 1,130 shares of IPO B to your account. At the end of the first day of trading, IPO A is selling for $31.70 a share and IPO B is selling for $23.10 a share. What is the absolute value of your combined net profit or loss on these two IPOs at the end of the first day of trading?