The equity sections from the 2017 and 2018 balance sheets of Fab-Form Industries Inc. appeared as follows:

Fab-Form Industries Inc.
Equity Section of the Balance Sheet
December 31, 2017
	Contributed capital:
		Common shares, unlimited shares authorized, 96,900 shares issued and outstanding	$	697,000
	Retained earnings			567,608
	Total equity		$	1,264,608

Fab-Form Industries Inc.
Equity Section of the Balance Sheet
December 31, 2018
	Contributed capital:
		Common shares, unlimited shares authorized, 117,000 shares issued and outstanding	$	849,760
	Retained earnings			468,600
	Total equity		$	1,318,360

On March 16, June 15, September 5, and November 22, 2018, the board of directors declared $0.20 per share cash dividends on the outstanding common shares. On October 14, 2018, 20,100 additional common shares were issued. Required: Under the assumption that there were no transactions affecting retained earnings other than the ones given, determine the 2018 profit (loss) of Fab-Form Industries Inc.

Reductions in retained earnings due to transactions:
Cash dividends declared: