At the beginning of its current fiscal year, Willie Corp's balance sheet showed assets of $12,500 and liabilities of $6,000. During the year, liabilities decreased by $1,000. Net income for the year was $2,600, and net assets at the end of the year were $7,000. 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 $ 12,500 Beginning: Changes: Liabilities $ 6,000 + (1,000) + = Ending