Sadie sold 11 shares of stock to her brother, George, for $510 16 months ago. Sadie had purchased the stock for $620 two years earlier. If George sells the stock for $730, what are the amount and character of his recognized gain or loss in the current year?

Multiple Choice

• $0.

• $110 short-term capital gain.

• $110 long-term capital gain.

• $220 short-term capital gain.

• None of the choices are correct.