Clara sold 200 shares of ABC stock for $22,500. Clara's investment portfolio includes the following purchases of ABC stock:

2003100 shares at $100 per share

200750 shares at $110 per share

2011125 shares at $130 per share

201275 shares at $125 per share

Assuming Clara does not identify which shares she sold, she will recognize:

no gain or loss.

a $500 gain.

a $1,000 loss.

a $3,125 loss.

none of the above.