Exercise 2-13 (Algo) Calculate dividends using the accounting equation LO 2, 3 At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $14,200 and liabilities of $5,100. During the year, liabilities decreased by $900. Net income for the year was $2,350, and net assets at the end of the year were $9,550. 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 Beginning: $14,200 Changes $ 5,100 S 0 (000)+ 0+ Ending