At the beginning of its current fiscal year, Willie Corporation's balance sheet showed assets of $11,600 and liabilities of $5,500. During the year, liabilities decreased by $1,500. Net income for the year was $3,600, and net assets at the end of the year were $7,400. 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. Beginning: Changes: Changes: Ending: Assets Liabilities $ 11,600 = $ 5,500 + (1,500) + = Stockholders' Equity RE $ PIC 0 0 + 0 +