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Horizontal analysis Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended D
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Paragon Company
Income Statement Horizontal Analysis
Amount $ Amount $ Increase/Decrease
20Y7 20Y6 Amount Percent
Fees earned    2,160,000.00    1,800,000.00    360,000.00 20.00%
Expenses (1,512,000.00) (1,350,000.00) (162,000.00) 12.00%
Net Income       648,000.00       450,000.00    198,000.00 44.00%
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