On June 16, 2019, Loren Ltd. acquires 1,000 of the 10,000 shares of Manon Inc. at a cost of $25.30 per share. On July 1, 2020, these shares pay a dividend of $2.16 per share. These are the only dividends that were received on these shares. Loren sells the shares on July 29, 2020, for $21.15 per share. Loren Ltd. has taxable capital gains of $50,000 in the year. What is the amount of the allowable capital loss that Loren Ltd. will include in its tax return for the taxation year ending December 31, 2020?

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