Bob sold 100 shares of ABC stock for $2,100 and 300 shares of XYZ stock for $8,900. He purchased the ABC stock four years ago for

$1,200 and the XYZ stock two years ago for $9,100. What is the net effect of these sales on Bobs income?

$1,100 net gain

$900 net gain

$700 net gain

$200 net gain