John sold short 100 shares of Money Company stock on November 1, Year 2 for $3,000. At the time of the short sale, John owned 100 shares of Money Company stock purchased on January 23, Year 1 for S1,800. On March 15, Year 3, John closed the short sale with 100 shares purchased on March 15, Year 3 for $2,400. How is John's gain on the sale reported? A) $1,200 long-term capital gain in Year 2 0 B)S1,200 short-term capital gain in Year 2 O c) s300 long-term capital gain in Year 2 and $300 short-term capital gain in Year 3 0 D) S600 short-term capital gain in Year 3 long-term capital gain in Year 2