At the beginning of its current fiscal year, Willie Corporation's balance sheet showed assets of $13,200 and liabilities of $6,000. During the year, liabilities decreased by $1,100. Net income for the year was $3,050, and net assets at the end of the year were $7,950. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year. Indicate the financial statement effect. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Stockholders' Equity Assets Liabilities PIC RE Beginning: $ 13,200 = $ 6,000+ $ 0+ Changes: = (1,100) + 0+ Changes: Ending: 0+