Sally Owns 700 Shares of Fashion Styles Clothing Common Stock

Sally owns 700 shares of Fashion Styles Clothing common stock.Sally purchased the 700 shares as follows:
$$\begin{array} { l c c } \text { Purchase Date } & \text { Number of Shares } & \text { Total Cost } \\\text { March } 2010 & 200 & \$ 2,000 \\\text { August } 2010 & 300 & \$ 3,600 \\\text { January } 2011 & 200 & \$ 3,000\end{array}$$
As of December 29,2013,Sally has not sold any securities.She needs to send a tuition payment of $5,200 to her daughter's boarding school in Zurich before year-end.Since the Fashion Styles Clothing stock is selling for $13 per share,Sally plans to dispose of 400 shares to cover the tuition.Ignoring commissions and transaction costs,what is the optimal tax result of selling 400 shares?

A) $- 0 - gain or loss.
B) $200 long-term capital loss.
C) $100 long-term capital gain.
D) $800 long-term capital loss
E) $800 long-term capital gain