Deere and Bros. is a broker that brings new issues of small firms to the public market. Its most recent deal for Sunland, Inc., had the following characteristics:

Number of shares:

$1,000,000$

Proceeds to Sunland:

$$14,310,000$

Price to public:

$$15\mathrm{.}90$ per share

The legal fees were $$159,000,$ printing costs were $$59,400,$ and all the other expenses were $$76,300.$ What is the profit or loss for Deere and Bros??

Profit $/($Loss$)$

$