Barbella purchased a wedding ring lor $15 at a yard sale in May. She thought the ring was costume jewelry, but it turned out to be a real diamond ring. She is not in the business of buying and selling anything She researched the ring on the Internet and discovered that it was worth at least $1,000. She sold it on an Internet auction site for $1, 100 in July. Was the ring a capital asset What were the amount and nature of the gain or loss from its sale by Barbella The ring is , Barbella ha gain of $