At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $12,600 and liabilities of $5,100. During the year, liabilities decreased by $1,000. Net income for the year was $3,100, and net assets at the end of the year were $8,300. 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.) X Answer is not complete. Assets Liabilities + + Stockholders' Equity PIC + RE $ 0 + $ 7,500 0 + 12.600 = $ Beginning: Changes: 5,100 (1,000) Ending: $ 4,100 + 0 +