It is the end of 2014, and your auditing firm is auditing Weiss Company for the first time. Prior to 2014, Weiss was audited by another firm. A substantial amount of Weiss's revenues for 2013 came from installment sales. Weiss has considerable property, plant, and equipment. It also has a large amount of debt outstanding, and one of the debt covenants is that the company maintains a 2.00 current ratio. You have been reviewing Weiss's deferred taxes at the end of 2014. On its preliminary ending balance sheet for 2014, Weiss has included a noncurrent deferred tax liability of $45,000. On its ending 2013 balance sheet, Weiss had also reported a noncurrent deferred tax liability. Upon examining the calculations supporting the $45,000, you find that one-third relates to the receivables from the installment sales and two-thirds relates to the depreciation on the property, plant, and equipment. Nearly all of the 2013 deferred tax liability related to the latter.