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High Criteria's TotalRecorder is a cheap ($11) & easy app to use for recording to WAV or a compressed format.
I recommend using TotalRecorder to record to WAV and then compress to a VBR MP3 with Lame.
If any clean up needs to be done, do it on the WAV (Syntrillium's CoolEdit, $60, is good for this) before compression.
The part number for the RadioShack preamp is: 970-1018; costs $25 new. NB some turntables (like the sub $150 Sony, AudioTechnica, and Denon have builtin preamps).
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