Question: Deere and Bros. is a broker that brings new issues of small firms to the public market. Their most recent deal for Dextra, Inc., had

Deere and Bros. is a broker that brings new issues of small firms to the public market. Their most recent deal for Dextra, Inc., had the following characteristics:
Number of shares: 1,000,000 Price to public: $15 per share;
Proceeds to Dextra: $13,500,000
The legal fees were $150,000, printing costs were $56,000, and all the other expenses were $72,000. What is the profit or loss for Deere and Bros.?

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