In Reconciling Information to Complete Its Financial Statements, Flying High

In reconciling information to complete its financial statements, Flying High Corporation discovered the following situations:
$$\begin{array} { | l | r| } \hline \text { Income before taxes and the changes } & \$ 400,000 \\\hline \text { Income tax rate } & 35 \% \\\hline \text { Bad debt expense increased } & 1 \% \text { of sales } \\\hline \text { Sales } & \$ 900,000 \\\hline \text { Equipment original cost } & \$ 500,000 \\\hline \text { Equipment accumulated depreciation } & \$ 200,000 \\\hline \text { Method of depreciation unchanged } & \text { DDB } \\\hline \text { Remaining life changed from 5 years to } & 3 \text { years } \\\hline\end{array}$$
Required: Assuming that no depreciation had been recorded, recompute depreciation expense, bad debt expense, income before taxes, income tax expense, and net income.