Horizontal analysis Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 Fees earned Expenses 20Y7 20Y6 $2,091,000 $1,700,000 (1,550,400) (1,360,000) $540,600 $340,000 Net income Prepare a horizontal analysis of Paragon Company's income statements. If required, round your percentage to the neare Paragon Company Income Statements For the Years Ended December 31 20Y7 20Y6 Fees earned $2,091,000 $1,700,000 $ (1,550,400) (1,360,000) Increase/(Decrease) Amount Percent % Expenses Net income $540,600 $340,000 $ %%