During the year, Koko sold the following personal assets, all of which he had acquired after 1971.

Cost Selling Price

Etching $ 500 $ 5,000

Bible published in 1842 1,000 10,000

Gold ring 1,500 900

Koko has unused listed personal property losses of $1,000 from the previous year. What is Kokos capital gain from LPP dispositions?

	$12,500
	$11,500
	$ 3,900
	$ 2,900