Profit is the amount of money that remains after all expenses of a project have been paid. Acme Construction has just completed the construction of a building, and Fred Jones, the project manager, is doing the final accounting. Acme bid $232,500 for the project and was awarded a contract for that amount. The cost of construction, including labor, building materials, and other expenses such as equipment rental was $198,468. What was the profit on this project?