At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $10,700 and liabilities of $5,500. During the year, liabilities decreased by $1,100. Net income for the year was $2,950, and net assets at the end of the year were $5,650. 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: $ 10,700 = $ Changes: Ending: = Liabilities PIC RE 5,500 + $ 0 + (1,100) + 0+ 0+