At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $11,700 and liabilities of $6,700. During the year, liabilities decreased by $1,200. Net Income for the year was $3,100, and net assets at the end of the year were $5,700. 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 Beginning: Changes: $ 11,700 = $ Liabilities + 6,700 + $ PIC RE 0+ = (1,200) + 0+ Ending: II 0+ Dividends - Net income + Dividends + Net income