Horizontal analysis Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 20Y7 20Y6 Fees earned $2,057,000 $1,700,000 Expenses (1,453,500) (1,275,000) Net income $603,500 $425,000 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 $2,057,000 $1,700,000 $ Expenses (1,453,500) (1,275,000) Net income $603,500 $425,000 $ Increase/(Decrease) Amount Percent % % %