Mr. Adam Lamb sold the following assets this year, all of which were purchased within the last

10 years:

Cost Proceeds

Oil painting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,500 $ 500

Canoe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 700 500

Rare coin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,300 500

Bible produced in 1635 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 800 5,000

Antique car . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000 10,000

Antique chair . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300 1,200

Antique table . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,500 2,000

Mr. Adam Lamb has an unclaimed capital loss on listed personal property of $1,200 arising three years ago.

REQUIRED

What is the amount of Mr. Adam Lamb's net taxable capital gain for this year?