Horizontal analysis Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 Fees earned Expenses 20Y7 20Y6 $1,708,000 $1,400,000 (1,218,000) (1,050,000) $490,000 $350,000 Net income Prepare a horizontal analysis of Paragon Company's income statements. If required, round your percer Paragon Company Income Statements For the Years Ended December 31 Increase/(Decrease) 20Y7 20Y6 Amount Percent Expenses Fees earned $1,708,000 $1,400,000 $ (1,218,000) (1,050,000) % % Net income $490,000 $350,000 $ %