Germany, Inc. has no temporary or permanent differences. The company experiences the following: Year Taxable income/loss Tax rate Tax paid 2018 100,000 35% 35,000 2019 200,000 30% 60,000 2020 400,000 40% 160,000 2021 (500,000) -0- In 2021, Germany, Inc. decides to carry back its NOL for two years. Earlier year's NOL will be refunded first (FIFO). What amount of income tax refund receivable will Georgia record for 2021?)