David had gains/losses from the sale of the following items. How much is his net capital gain/loss?

Property Sold Gain/Loss

Sale of his main home purchased three years ago: ($ 65,000)

Sale of songs written by him one year ago: $2,500

Sale of stocks held for investment: $ 15,500

Sale of his jewelry inherited from his mother: $ 28,000

Select one:

a. $46,000

b. $43,500

c. ($19,000)

d. $15,500