Horizontal analysis Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 2017 2016 Fees earned $2,160,000 $1,800,000 Expenses (1,512,000) (1,350,000) Net Income $648,000 $450,000 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) 2047 2046 Amount Percent Fees earned $2,160,000 $1,800,000 $ Expenses (1,512,000) (1,350,000) Net income $648,000 $450,000 $