On December 31, 2021, Quantum Inc. has a temporary difference of $176 million due to an accrual of warranty expenses. Quantum has no other temporary differences. On January 1, 2021, the deferred tax asset account had a beginning balance of $60 million. Quantum determines that it is more likely than not that only one-fourth of the deferred tax asset ultimately will be realized. Taxable income for 2021 is $432 million and the tax rate is 25%.

Question: By how much should Quantum increase the valuation allowance account on December 31, 2021?