At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $11,900 and liabilities of $5,500. During the year, liabilities decreased by $1,200. Net income for the year was $3,050, and net assets at the end of the year were $7,350. 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.) Assets Beginning: $ 11,900 = $ 5,500 Changes: (1,200) Ending: Stockholders' Equity Liabilities + PIC RE $ 0 0 +