The value of 850,000 shares of CoMark stock is $1,750,000. The underwriting commission is 10%. The total of other selling expenses is $521,464. What are the net proceeds from the sale of the stock?

Given:

value of 850,000 shares is 1,750,000

underwriting commission is 10%

selling expenses 521,464.00

1,750,000 * 10% = 175,000 commission

175,000 + 521,464 = 696,464

1,750,000 - 696,464 = 1,053,536 net proceeds from the sale of stocks.