On December 31, 2015, Rebel Corporation's balance sheet reported the following. During 2016, Rebel decided to discontinue accounting for share buybacks as treasury shares. Instead, the shares will be treated as having been retired. Prepare the appropriate journal entry to reclassify treasury shares as retired shares. (Do not round your per share amounts. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Record the entry to reclassify treasury shares as retired shares