Amal gave his sister, Dora 100 shares of stock on April 3, 2019 when its FMV was $3500. Amal originally paid $3,000 for the stock on January 5, 2018. If no gift tax is paid and Dora sells the stock for $2,700 on August 31, 2019, she will recognize:

Select one:

a. None of the above

b. $800 LTCL

c. $300 short-term capital loss

d. $800 STCL

e. $300 LTCL