Morales Incorporated began a defined$-$benefit pension plan for its employees on January $1,2024.$ The following data are provided for $2024,$ as of December $31,2024$:

Projected benefit obligation $ $785,000$

Accumulated benefit obligation $740,000$

Plan assets at fair value $655,000$

Pension expense $715,000$

Employer's cash contribution $($end of year$)655,000$

What amount should Morales report as its net pension liability at December $31,2024?$