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 Wallys Section 1245 recapture in year 6?

$500 loss

$300 gain

$800 gain

$1,600 gain