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, $96,200$ shares issued and outstanding $ $690,000$

Retained earnings $560,608$

Total equity $ $1,250,608$

Fab$-$Form Industries Inc.

Equity Section of the Balance Sheet

December $31,2024$

Contributed capital:

Common shares, unlimited shares authorized, $115,600$ shares issued and outstanding $ $837,440$

Retained earnings $461,600$

Total equity $ $1,299,040$

On March $16,$ June $15,$ September $5,$ and November $22,2024,$ the board of directors declared $$0\mathrm{.}15$ per share cash dividends on the outstanding common shares. On October $14,2024,19,400$ 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.