On December 31, 2020, Rebel Corporation's balance sheet reported the following Common stock, $1 par Paid-in capital-excess of par Retained earnings Treasury stock (11,000 shares at cost) $1,000,000 3,100,000 5,190,000 (330,000) During 2021, Rebel decided to discontinue accounting for share buybacks as treasury shares. Instead, the shares will be treated as having been retired. Required: Prepare the appropriate journal entry to effect this change. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet