At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $12,500 and liabilities of $6,700. During the year, liabilities decreased by $1,200. Net income for the year was $2,750, and net assets at the end of the year were $6,450. 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 Beginning: Assets = $ 12,500 = $ Liabilities + PIC + RE 6,700 + $ 0+ Changes: = (1,200) + 0+ Ending: + 0+