At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $14,400 and liabilities of $5,200. During the year, liabilities decreased by $1,400. Net income for the year was $3,200, and net assets at the end of the year were $10,400. 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: $ 14,400 Changes Stockholders' Equity Liabilities + PIC RE $ 5,200 $ 0.$ 9,200 (1,400) + 0+ Ending 0 +