2 0.83 points Return to question At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $12,200 and liabilities of $6,700. During the year, liabilities decreased by $1,000. Net income for the year was $2,450, and net assets at the end of the year were $5,950. 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. Stockholders' Equity Assets Liabilities PIC + RE Beginning $12.200 S 6,700 + $ 0 + Changes: (1,000) + 0 + Ending 0 + Dividends Net income