At the beginning of its current fiscal year, Willie Corp.s balance sheet showed assets of $12,600 and liabilities of $5,200. During the year, liabilities decreased by $1,400. Net income for the year was $3,100, and net assets at the end of the year were $8,600. 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 $ 12,600 = $ 5,200 + $ 0+ Beginning: Changes: = (1,400) + 0 + Dividends -Net income Ending: + 0+