calculate dividends using the accounting equation

Exercise 2-13 Calculate dividends using the accounting equation LO 2,3 At the beginning of its current fiscal year, Willie Corps balance sheet showed assets of $11.900 and liabilities of $5,600. During the year, liabilities decreased by $900 Net income for the year was $3,100, and not assets at the end of the year were $7,100. There were no changes in paid.in capital during the year. Required: Calculate the dividends, if any, declared during the year. (Negative amounts should be indicated by a minus sign.) Beginning Changes Assets = Liabilities + $ 11,000 - $ 5,600 (900) Stockholders' Equity PIC + RE $ 0.1 0 1 Ending