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,
96,000 shares issued and outstanding ........................... $ 688,000
Retained earnings ................................................................ 558,608
Total equity ...................................................................... $1,246,608

Fab-Form Industries Inc.
Equity Section of the Balance Sheet
December 31, 2021
Contributed capital:
Common shares, unlimited shares authorized,
115,200 shares issued and outstanding ............................. $ 833,920
Retained earnings ..................................................................... 459,600
Total equity ........................................................................... $1,293,520

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, 19,200 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. Show your calculations.