On December 31, 2019, McCullouch Enterprises recorded a deferred tax asset of $160,000 due to the potential tax benefits of an operating loss carry forward. McCullouch's enacted tax rates are as follows: 40% for 2019-2021; 35% for 2022; and 30% for 2023 and thereafter. If McCullouch's executives expect only 50% of the benefits to be realized, what amount should they record as a deferred tax asset?  

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