Ethel had the following from securities transactions during the current year: Long-term capital gain: 6,400 Long-term capital loss: 2,200 Short-term capital gain: 2,300 Short-term capital loss: 5,500. Which of the following describes the net capital gain or loss reportable by Ethel for the current tax year?
1) Net capital gain of $1,000
2) Net capital gain of $1,900
3) Net capital loss of $1,000
4) Net capital loss of $1,900