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Exercise 2-15 (Algo) Calculate dividends using the accounting equation LO 2-2, 2-3 At the beginning of its current fiscal year, Wille Corporation's balance sheet showed

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Exercise 2-15 (Algo) Calculate dividends using the accounting equation LO 2-2, 2-3 At the beginning of its current fiscal year, Wille Corporation's balance sheet showed assets of $14,900 and tiabalties of $7,000. During the year, liabilities decreased by $1,400. Net income for the year was $2,650, and net assets at the end of the year were $8,650. There were no changes in paidin capital during the year Required: Calculate the dividends, if any, declared during the yeac Indicate the financial statement effect. Note: Enter decreases with a minus sign to indicate a negative financial statement effect

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