Katies Cards is a company that manufactures and sells cards and stationary. On 1/1/20, the company purchased a new printing press for $400,000 cash. The expected residual value is $20,000 and the useful life is 4 years. The company estimates that the press will be able to produce 200,000 cards over its useful life (75,000 cards in 2020 and 50,000 in 2021, 40,000 cards in 2022, and 35,000 cards in 2023)

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If Katies Cards uses the straight line method of depreciation, what is the carrying value at the end of 2021 (i.e. after the second years depreciation is recorded)?