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At the beginning of its current fiscal year, Wille Corp's balance sheet showed assets of $11,700 and liabilities of $5,600. During the year, liabilities decreased

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At the beginning of its current fiscal year, Wille Corp's balance sheet showed assets of $11,700 and liabilities of $5,600. During the year, liabilities decreased by $1,000. Net income for the year was $2.950, and net assets at the end of the year were $6,850. There were no changes in pald-in capital during the year Required: Calculate the dividends, if any, declared during the year, Indicate the financial statement effect (Enter decreases with a minus sign to indicate a negative financial statement effect.) Assets $11.700 Stockholders' Equity PIC RE s 0. Liabilities - $ 5,600 (1000) Beginning Changes = Ending

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