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Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December...

Two income statements for Paragon Company follow:

Paragon Company

Income Statements

For the Years Ended December 31

20Y9 20Y8

Fees earned $1,439,000 $1,170,000

Expenses (1,034,000)   (920,000)

Net income $405,000 $250,000

Prepare a horizontal analysis of Paragon Company’s income statements. Round your answers for monetary values to the nearest dollar and for percentage values to one decimal place.

Paragon Company

Income Statements

For the Years Ended December 31     

  Increase/(Decrease)

20Y9    20Y8    Amount Percent

Fees earned $1,439,000    1,170,000 $ %

Expenses (1,034,000) (920,000) %

Net income $405,000 $250,000 $ %

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Answer #1

Paragon Company Income statement For the Year Ended December 31 Increase or (Decrease) 2019 2018 Amount Percentage 1439000 11

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