The equity sections from the 2020 and 2021 balance sheets of The Saucy Bread Company Inc. appeared as follows:

                                    The Saucy Bread Company Inc.
                               Equity Section of the Balance Sheet
                                             December 31, 2020
Contributed capital:
Common shares, unlimited shares authorized,
175,000 shares issued ................................................... $5,250,000
Retained earnings ............................................................ 1,176,432
Total equity ..................................................................... $6,426,432

                                    The Saucy Bread Company Inc.
                                Equity Section of the Balance Sheet
                                           December 31, 2021
Contributed capital:
Common shares, unlimited shares authorized,
192,500 shares issued ................................................... $5,796,000
Retained earnings ............................................................ 1,320,300
Total equity ..................................................................... $7,116,300

On February 11, May 24, August 13, and December 12, 2021, the board of directors declared $0.30 per share cash dividends on the outstanding shares. 7,500 common shares were issued on August 1, 2021, and another 10,000 were issued on November 2, 2021.

Required Under the assumption that there were no transactions affecting retained earnings other than the ones given, determine the 2021 profit of the company. Show your calculations.