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The equity sections from the 2023 and 2024 balance sheets of Fab-Form Industries inc. appeared...

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Accounting

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The equity sections from the 2023 and 2024 balance sheets of Fab-Form Industries inc. appeared as follows: On March 16, June 15, September 5, and November 22, 2024, the board of directors declared $0.20 per share cash dividends an the outstanding common shares. On October 14, 2024, 19,800 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

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