Horizontal analysis Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 2017 2016 Fees earned Expenses Net income $1,534,000 (1,092,000) $442,000 $1,300,000 (975,000) $325,000 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 $1,534,000 $1,300,000 $ % Expenses (1,092,000) % (975,000) $325,000 Net income $442,000 %