Table Data Space Used Confusion
The solution was to create a clustered index on the table which immediately shrank the data size down to 13MB.  I found this out thanks to the following post on StackOverflow: https://stackoverflow.com/questions/3336934/reduce-sql-server-table-fragmentation-without-adding-dropping-a-clustered-index


  The point is, you have substantial fragmentation on the Heap. You keep calling it a "table", but there is no such thing at the physical data storage or structure level; a table is a logical concept, rendered physically as:
  
  
  either the Heap plus all Nonclustered Indices plus Text/Image chains
  or the Clustered Index plus all Nonclustered Indices plus Text/Image chains.
  
  
  Heaps get badly fragmented; the more interspersed (random) Insert/Deletes/Updates there are, the more fragmentation.
  
  There is no way to clean up the Heap, as is. MS does not provide a facility (other vendors do).