Return to questio At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $12,700 and liabilities of $5,100. During the year, liabilities decreased by $900. Net income for the year was $3,200, and net assets at the end of the year were $8,100. 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.) * Answer is not complete. Assets Liabilities Stockholders' Equity PIC RE + Beginning: + 12,700 5,100 Changes: IS 0 (900) 0 Ending: $ 8,100