On June 25, Easy Repair Service extended an offer of $125,000 for land that had been priced for sale at $143,000. On July 9, Easy Repair Service accepted the seller's counteroffer of $136,000. On October 1, the land was assessed at a value of $204,000 for property tax purposes. On December 22, Easy Repair Service was offered $218,000 for the land by a national retail chain.

At what value should the land be recorded in Easy Repair Service's records? $____