A company reported a net operating loss of $670,000 in year 1 when the current tax rate is 25% and the enacted tax rate for future year is 20%. The company appropriately recorded a deferred tax asset. In year 2 (assume year 2 falls after 2020), the company reports taxable income of $425,000. Following the net operating loss offset tax rules, the company appropriately applies the net operating loss to offset taxable income. What is the balance in the deferred tax asset account at the end of year 2?

$340,000

$134,000

$66,000

$68,000