Horizontal analysis Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 2017 2016 Fees earned Expenses $1,920,000 (1,472,000) $448,000 $1,600,000 (1,280,000) $320,000 Net income 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 $1,920,000 $1,600,000 $ Expenses (1,472,000) (1,280,000) % Net income $448,000 $320,000 %