At the beginning of its current fiscal year, Willie Corp.s balance sheet showed assets of $13,000 and liabilities of $5,300. During the year, liabilities decreased by $1,200. Net income for the year was $3,200, and net assets at the end of the year were $8,800. 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 Liabilities + PIC + RE Beginning: $ 13,000 = $ 5,300 $ + Changes: = (1,200) + 0 + Ending: + 0 +