At the beginning of its current fiscal year, Willie Corp.’s balance sheet showed assets of $13,400 and liabilities of $5,200. During the year, liabilities decreased by $1,400. Net income for the year was $2,850, and net assets at the end of the year were $8,950. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year.

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