At the beginning of its current fiscal year, Willie Corp's balance sheet showed assets of $13,200 and liabilities of $6,100. During the year , liabilities decreased by $1,100. Net income for the year was $2,500, and net assets at the end of the year were $7,500. 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. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Stockholders' Equity Assets = Liabilities PIC RE $ 13,200 $ 6,100 $ 0 (1.100) 0+ Beginning Changes Ending