At the beginning of its current fiscal year, Willie Corp.s balance sheet showed assets of $11,700 and liabilities of $5,100. During the year, liabilities decreased by $1,200. Net income for the year was $3,650, and net assets at the end of the year were $7,650. 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 Liabilities + PIC + RE $ 11,700 = $ 5,100 + 0 + Beginning: Changes: = (1,200) + 0 + Ending: 0 + +