If a company acquired an asset in November 2016 for $1000, then transferred it to trading stock in April 2018 when its market value was $2000 and sold it in May 2018 for $3000, which of the following statements relating to capital gains tax is correct? Group of answer choices

A capital gain of $1000 will arise under CGT event K4.

A capital gain of $1000 will arise under CGT event J2.

A capital gain of $2000 will arise under CGT event A1.

There is no capital gain because trading stock is exempt from CGT