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Problem - Two income statements for Paragon Company follow: Prepare a horizontal analysis of Paragon Company's income statements.
Paragon Company Income Statement For Years Ended December 31
2019
2018
Fees earned
$1,416,000
$1,200,000
Operating expenses
1,044,000
900,000
Net income
$372,000
$300,000
Required - Prepare a horizontal analysis of Paragon Company's income statements.
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