Deere and Bros. is a broker that brings new issues of small firms to the public...

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Deere and Bros. is a broker that brings new issues of small firms to the public market. Its most recent deal for Sheridan, Inc., had the following characteristics: Number of shares: Proceeds to Sheridan: Price to public: 1,000,000 $13,140,000 $14.60 per share W The legal fees were $146,000, printing costs were $54,500, and all the other expenses were $70,100. What is the profit or loss for Deere and Bros.? Profit/(Loss) $ SUPPOR Deere and Bros. is a broker that brings new issues of small firms to the public market. Its most recent deal for Sheridan, Inc., had the following characteristics: Number of shares: Proceeds to Sheridan: Price to public: 1,000,000 $13,140,000 $14.60 per share W The legal fees were $146,000, printing costs were $54,500, and all the other expenses were $70,100. What is the profit or loss for Deere and Bros.? Profit/(Loss) $ SUPPOR