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: As of December 29, 2014, 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