Horizontal analysis Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 Fees earned Expenses 20Y7 20Y6 $2,160,000 $1,800,000 (1,552,500) (1,350,000) $607,500 $450,000 Net income Prepare a horizontal analysis of Paragon Company's income statements. If required, round your percentage to the nearest whole number. Paragon Company Income Statements For the Years Ended December 31 2017 20Y6 Fees earned $2,160,000 $1,800,000 $ (1,552,500) (1,350,000) Expenses Net income $607,500 $450,000 $ Increase/(Decrease) Amount Percent % % %