The information presented here represents selected data from the December 31, 2019 balance sheet and income statement for the year then ended for 3 firms

At the beginning of its current fiscal year, Willie Corp.s balance sheet showed assets of $14.200 and liabilities of $6,700. 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 $7,900. 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 PIC RE $ 01 $ 7,500 Assets Liabilities $ 14,200 = $ 6,700 (1,000) + Beginning: Changes: 01 at Ending = s 5.700 + 0+ - Dividends Net income nces + Dividends + Net Income MacBook Pro