Homer bought two blocks of 400 shares of stock, the first in March 2015 for $1,200, and the second in March 2026 for $1,600. In June of 2026, he sold 400 shares for $1,500 without specifying which block of shares he was selling.

What is the amount of Homer's gain/loss?

	Short-term loss of $100
	Short-term gain of $300
	Long-term loss of $100
	Long-term gain of $300