J Sold the Following Capital Assets During the Current Year $\$ ( 500 )$

Multiple Choice

J sold the following capital assets during the current year: 100 shares of X Corp. held 14 months $\$ ( 500 )$ loss
50 shares of $\mathrm { T }$ Corp. held four months (240) loss
City lot held seven years for speculation $\quad$$\quad 900$ gain How much is J's overall net capital gain, if any?

A) $740
B) $660
C) $400
D) $160