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In year 1, Tina had the following transactions in CNC Inc., stock: Shares Price Jan. 01 Purchase 500 $25 May 12 Sale 500 $23 May

In year 1, Tina had the following transactions in CNC Inc., stock:

Shares Price

Jan. 01 Purchase 500 $25

May 12 Sale 500 $23

May 28 Purchase 250 $22

Oct. 15 Sale 100 $18

What is Tina's deductible capital loss?

A. $400

B. $700

C. $1,100

D. $1,400

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