Horizontal analysis Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 2017 2016 Fees earned $2,318,000 $1,900,000 Expenses (1,610,250) (1,425,000) Net income $707,750 $475,000 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 Increase/(Decrease) 2017 2016 Amount Percent Fees earned $2,318,000 $1,900,000 $ % Expenses (1,610,250) (1.425,000) % Net income $707,750 $475,000 $ %