Horizontal analysis Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 2017 2016 Fees earned $1,200,000 (928,000) $272,000 $1,000,000 (800,000) Expenses Net income $200,000 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 $1,200,000 $1,000,000 $ % Expenses (928,000) (800,000) % Net income $272,000 $200,000 $ %