The equity sections from the 2020 and 2021 balance sheets of fab form industries inc appeared as follows

er 12 Assignment Beved Help 5 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 capitali Common shares, unlimited shares authorized, 96,700 shares issued and outstanding $ 695,000 Retained earnings 565,608 Total equity $1,260,608 Dok irit Tences Fab-Form Industries Inc. Equity Section of the Balance Sheet December 31, 2021 Contributed capitali Common shares, unlimited shares authorized 116,600 shares issued and outstanding Retained earnings Total equity $ 846,240 466,600 $1,312.840 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. 19,900 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.