Problem
Belinda is a university student. She is going to London for a year as part of her university's exchange program. She undertook the following transactions to raise money for the trip:
a) Sold her bicycle for $1,000. She had purchased the bicycle for $2,000 nine months ago.
b) Sold her computer for $5,000. She had bought the computer for only $1,000 nine months ago but it turned out to be a limited edition and had increased in value.
What is Belinda's net capital gain or loss in relation to the above information?