Becker Brothers is the managing underwriter for a 1.80-million-share issue by Martinas Hamburger Heaven. Becker Brothers is handling 11 percent of the issue. Its price is $26 per share, and the price to the public is $28.25. Becker also provides the market stabilization function. During the issuance, the market for the stock turns soft, and Becker is forced to purchase 45,000 shares in the open market at an average price of $27.00. It later sells the shares at an average value of $26.50. Compute Becker Brothers overall gain or loss from managing the issue.

what is net gain?