Louise purchased a necklace for $500 in 1985. In 2015, Louise gave the necklace to her granddaughter, Heather. At the time of the gift, the necklace had an appraised value of $1000. In 2017, Heather sold the necklace for $1,100. What is the amount and character of Heather's gain from this sale? $100 ordinary gain. $100 long-term capital gain. $600 ordinary gain. $600 long-term capital gain.