Todd Johnson had the following items of income and losses during the tax year:

Wages Nonbusiness bad debt Gain on commodities held 16 months Loss on stock held two years Flood damage on personal residence owned five years Gain on stock held 13 months

$ 40,000 $ 1,000 $ 2,000 $ ( 800) $ 4,500 $ 5,000

The flood damage occurred due to a federally declared disaster. What is Todd's taxable capital gain for the tax year?

a) $ 500 b) $ 700 c) $5,200 d) $6,200