Bob sold 100 shares of ABC stock for $2,100 and 300 shares of XYZ stock for $8,900. He purchased the ABC stock four years ago for $1,200 and the XYZ stock two years ago for $9,100. What is the net effect of these sales on Bob’s income? a. $200 net gain b. $700 net gain c. $900 net gain d. $1,100 net gain

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