Steve is the proprietor of a sporting goods retail business. By chance, he discovered on the Internet a used boat for sale for $4,000, a bargain price. He purchased the motor boat and immediately sold it for a profit of $3,000. He did not use the boat. Which of the following best describes the tax treatment of this transaction?

a. The motor boat purchase is an adventure or concern in the nature of trade, and the sale results in business income.

b. The motor boat purchase is an investment, and the sale result in a taxable capital gain.

c. The motor boat purchase is an adventure or concern in the nature of trade, and the sale result in a taxable capital gain.

d. The motor boat purchase is an investment, and the sale results in property income.