Gate Corp. acquired all of Way Corp's assets in a Type C reorganization on October 19, 2019. On the date of acquisition, Way Corp. had an unused net capital loss of $70,000. Gate Corp. had a net capital gain (computed without regard to any capital loss carryover) of $40,000 for calendar-year 2019. What amount of the acquired net capital loss of $70,000 can be used to offset Gate Corp's net capital gain for 2019?