Inez Rainbow Company provides the following information regarding its most recent balance sheet. (Click the icon to view the data.) Inez Rainbow acquired 30,000 shares of common stock in the open market at a price of $15 per share and retired the shares. What is the journal entry to record this transaction debits first, then credits. Exclude explanations from any journal entries.) Account Current Year Data Table X Stockholders' Equity Common Stock, $3 par value, 635,500 shares authorized, 178,500 shares issued and outstanding Additional Paid-in Capital in Excess of Par - Common Additional Paid-in Capital - Retired Shares S 535 500 1,071.000 159.500 1.634.000 Retained Earnings S 3,400,000 Total Stockholders Equity