Jake sold his shares in DEF Corp., a public corporation, for $22,000 and his ACB was $12,000. He also sold his shares in JKL Inc., another public corporation, for $24,000 and his ACB was $36,500. Finally, a private small business corporation of which he owned 40% went bankrupt this year. His ACB for the small business corporation shares was $90,000. Jake has never claimed any capital gains deductions. He had other income in the year of $40,000. What is Jake's net capital loss at the end of the current tax year? A)48,250 b)0 c) 1,250 d) 6500