As Johnny was walking home from college to his dorm room, he was suddenly confronted by three thugs on bikes, Alvin, Simon and Theodore. The thugs wanted to steal Johnnys backpack but in the ensuing altercation, Johnny was not only able to keep his backpack but stole all three bikes from Alvin, Simon and Theodore who ran off on foot never to be seen again on campus. Johnny went straight home and looked up the values of the bikes on eBay. Since he did not know how to actually ride a bike, he figured keeping them would be silly, and who needs three bikes anyway? So, after finding the value of each bike was $500, he sold one to his ex-girlfriend for $300, donated one to a charitable organization that assists victims of theft, and sold the other one for its parts for a total sale of $100. How much gross income and capital gain/(loss) will Johnny have as a result of these transactions?

a. $400 and $400

b. $1,500 and $400

c. $1,500 and ($600)

d. $1,500 and $0

e. $400 and $0