Inez Rainbow Company provides the following information regarding its most recent balance sheet. B 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? (Record debits first, then credits Exclu explanations from any journal entries.) Account Current Year Data Table 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 $ 535,500 1,071.000 159.500 Retained Earnings 1.634.000 Total Stockholders' Equity $ 3,400 000 Print Done Choose from any list or enter any number in the input fields and then continue to the next