On 1 April 2006 Xiao, a resident individual purchased 2,000 shares in ABC Ltd. at $4 per share and on 1 July 2018 he purchased 1,000 shares in DEF Ltd. at $5 per share. In December 2018 Xiao sold the following: 1,000 ABC shares at $6 per share 500 DEF shares at $5 per share 300 DEF shares at $4 per share What is Xiao's net capital gain for 2018/19?

Select one:

a. $2,200

b. $850

c. $2,300

d. $1,200