s the managing underwriter for a 1.50-milion-share issue by Jay's Hamburger Heaven. Becker Brothers is Thandling8 percent of the issue ts price is $20 per share ansd the price to the public is $23.50 Becker also provides the market stablization function. During the issuance, the market for the stock turned soft, and Becker is forced to purchase 50,000 shares in the open market at ar average price of $22.00. They later sell the shares at an average value of $21.00 Compute Becker Brothers overall gain or loss from managing the issue. (Do not round intermediate calculations and round your answer to the nearest whole dollar )