Paragon Company Income Statements For the Years Ended December 31 20Y6 $1,300,000 20Y7 Fees earned $1,534,000 (1,175,200) (1,040,000) $260,000 Expenses Net income $358,800 Prepare a horizontal analysis of Paragon Company's income statements. It required, round your percentage to the nearest whole number. Paragon Company Income Statements For the Years Ended December 31 Increase/(Decrease) Amount Percent 20Y7 20Y6 Fees earmed $1,534,000 $1,300,000 $ Expenses (1,175,200) (1,040,000)
Paragon Company Income Statements For the Years Ended December 31 20Y6 $1,300,000 20Y7 Fees earned $1,534,000 (1,175,200) (1,040,000) $260,000 Expenses Net income $358,800 Prepare a horizontal analysis of Paragon Company's income statements. It required, round your percentage to the nearest whole number. Paragon Company Income Statements For the Years Ended December 31 Increase/(Decrease) Amount Percent 20Y7 20Y6 Fees earmed $1,534,000 $1,300,000 $ Expenses (1,175,200) (1,040,000)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Paragon Company
Income Statements
For the Years Ended December 31
20Υ7
20Y6
Fees earned
$1,534,000
$1,300,000
Expenses
(1,175,200) (1,040,000)
Net income
$358,800
$260,000
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)
20Y7
20Υ6
Amount
Percent
Fees earned $1,534,000 $1,300,000 $
Expenses
(1,175,200) (1,040,000)
Net income
$358,800
$260,000 $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F01fb319d-f364-4590-ab45-48289dbd6af0%2F587bef15-bf82-484d-b793-6f39306203bf%2F0joho1x_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Paragon Company
Income Statements
For the Years Ended December 31
20Υ7
20Y6
Fees earned
$1,534,000
$1,300,000
Expenses
(1,175,200) (1,040,000)
Net income
$358,800
$260,000
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)
20Y7
20Υ6
Amount
Percent
Fees earned $1,534,000 $1,300,000 $
Expenses
(1,175,200) (1,040,000)
Net income
$358,800
$260,000 $
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