At 1 January 20X2, Velorin's contract liability amounts to 80,000. In 20X2, Velorin receives new advances of 120,000 and recognises total revenue of 900,000. Of this revenue, 65,000 relates to performance covered by the opening contract liability and 70,000 to performance covered by advances received during the year. What amount does Velorin disclose as revenue of the period that was included in the contract liability at the beginning of the period?