At the beginning of its current fiscal year, Willie Corp's balance sheet showed assets of $11,800 and liabilities of $6.400. During the year, liabilities decreased by $1,400. Net income for the year was $3,250, and net assets at the end of the year were $6,050. 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 PIC RE $ 01 $ 5,400 + Assets = Liabilities $ 11,800 - $ 6,400 - (4,650) - (1,400) + Beginning: Changes: $ 0+ 3.250 Net Income Dividends 2,150 Ending: $ 7,150 $ 5.000 01 +