Check my work 7 At the beginning of its current fiscal year, Willie Corp's balance sheet showed assets of $13,200 and liabilities of $5,400. During the year, liabilities decreased by $1,400. Net income for the year was $3,500, and net assets at the end of the year were $9,100. There were no changes in paid-in capital during the year. 1.11 points 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.) 02:02:15 Stockholders' Equity eBook PIC RE Hint Assets = Liabilities + $ 13,200 = S 5,400 (1,400) + Beginning: Changes: $ 0 + 0 + Print Dividends References Ending: 0 + - Dividends - Net income + Dividends + Net income