James Co has the following related to Class 8 assets:

Beginning UCC Balance: $34,140

James disposes of all assets within the class during the year, for proceeds of disposition of $15,421. The total cost of these assets was $70,347.

If James Co has no additions for the year, and there are no assets remaining in the class at the end of the year, what would be the amount of terminal loss James Co must add to business income for tax purposes?