George has been adjusting his investment portfolio to meet his target asset allocation and has realized the following capital gains and losses this year.

$13,000 in short-term capital gains.

$9,000 in short-term capital losses.

$4,000 in long-term capital gains.

$7,000 in long-term capital losses.

What is Georges net capital gain or loss?

a. $1,000 net short-term capital gain.

b. $1,000 net long-term capital loss.

c. $1,000 net short-term capital loss.

d. $1,000 net long-term capital gain.