Chapter 02-Homework Check my work 10 Exercise 2-15 (Algo) Calculate dividends using the accounting equation LO 2-2, 2-3 1.81 points lock Prom References At the beginning of its current fiscal year, Willie Corporation's balance sheet showed assets of $11,300 and liabilities of $5,800. During the year, liabilities decreased by $900. Net income for the year was $2,750, and net assets at the end of the year were $5,750. 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. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Mc SA Stockholders' Equity Assels Liabilities PIC RE Beginning $11.300 $ 5,800 $ 055500 Changes (000) 0. 2,750 Net income Changes Dividends Ending 29 $ 4.000 < Prev 10 of 11 Next >