In Reconciling Information to Complete Its Financial Statements, Biltmore, Inc

In reconciling information to complete its financial statements, Biltmore, Inc. discovered the following situations:
$\begin{array}{|l|r|}\hline \text { Income before taxes and the changes } & \$ 1,000,000 \\\hline \text { Income tax rate } & 40 \% \\\hline \text { Warranty expense decreased } & 1 \% \text { of sales } \\\hline \text { Sales } & \$ 6,000,000 \\\hline \text { Equipment original cost } & \$ 800,000 \\\hline \text { Equipment accumulated depreciation } & \$ 200,000 \\\hline \text { Method of depreciation unchanged } & \text { SL}\\\hline \text { Remaining life changed from 5 years to } & \text { 6 years }\\\hline\end{array}$
Required: Assuming that no depreciation had been recorded, recompute depreciation expense, warranty expense change, income before taxes, income tax expense, and net income.