Exercise 2-15 (Algo) Calculate dividends using the accounting equation LO 2-2, 2-3 At the beginning of its current fiscal year, Willie Corporation's balance sheet showed assets of $13,700 and liabilities of $6,100. During the year, liabilities decreased by $1,100. Net income for the year was $3,100, and net assets at the end of the year were $8,300. 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