On February $3,$ Gallatin Repair Service extended an offer of $$119,000$ for land that had been priced for sale at $$135,000.$ On February $28,$ Gallatin Repair Service accepted the seller's counteroffer of $$129,000.$ On October $23,$ the land was assessed at a value of $$194,000$ for property tax purposes. On January $15$ of the next year, Gallatin Repair Service was offered $$206,000$ for the land by a national retail chain.

At what value should the land be recorded in Gallatin Repair Service's records?