Midcourse Review (10 Points) 2 Saved Help Save & Exit Submit 0.83 points eBook Hint At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $13,700 and liabilities of $6,300. During the year, liabilities decreased by $800. Net income for the year was $2,750, and net assets at the end of the year were $7,650. 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. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Stockholders' Equity Assets Liabilities + PIC + RE Print References Beginning: Changes: $ 13,700 = $ 6,300+ S 0+ (800) + 0+ -Dividends 2,750 +Net income Ending: 0+ Check my work