Wally, Inc., sold the following three personal property assets in year 6:

Asset	Purchase Date	Cost		Accumulated Depreciation		Selling Price
A	5/1/year 3	$5,000		$3,000		$2,300
B	8/13/year 4	1,200		500		2,000
C	2/18/year 6	3,800		1,800		1,500

What is Wally's net 1231 gain or loss in year 6?

a. $500 loss

b. $300 gain

c. $800 gain

d. $1,600 gain