The equity section from the December 31, 2017 and 2018, balance sheets of Westburne Corporation appeared as follows:

	2018	2017
Contributed capital:
Common shares, 50,000 shares authorized; 25,320 and
23,800 shares issued and outstanding, respectively	$557,040	$476,000
Retained earnings	572,000	460,000

The following transactions occurred during 2018 (assume the retirements were the first ever recorded by Westburne):

Jan. 5	A $1.30 per share cash dividend was declared, and the date of record was five days later.
Mar. 20	2,700 common shares were repurchased and retired at $20.00 per share.
Apr. 5	A $1.30 per share cash dividend was declared, and the date of record was five days later.
July 5	A $1.30 per share cash dividend was declared, and the date of record was five days later.
July 31	A 20% share dividend was declared when the market value was $32.00 per share.
Aug. 14	The share dividend was issued.
Oct. 5	A $1.30 per share cash dividend was declared, and the date of record was five days later.
Outstanding Shares Jan 5. 23,800 Apr. 5 21,100 July. 5 21,100 Oct. 5 25,320 1. How much profit did the company earn during 2018?