Gate Corporation acquired all of Way Corp’s assets in a Type C reorganization on August 7, 2010. On the date of acquisition, Way Corp. had an unused…

Gate Corporation acquired all of Way Corp’s assets in a Type C reorganization on August 7, 2010. On the date of acquisition, Way Corp. had an unused net capital loss of $80,000. Gate Corp. had a net capital gain (computed without regard to any capital loss carryover) of $20,000 for calendar-year 2010. What amount of the acquired capital loss of $80,000 can be used to offset Gate Corp. net capital gain for 2010?