The stockholders' equity section of Carey Co.'s balance sheet at December 31, 2017, was as follows:

Common stock--$10 par (authorized 1,000,000 shares,

issued and outstanding 600,000 shares) $ 6,000,000

Paid-in capital in excess of par 1,500,000

Retained earnings 3,250,000

$10,750,000

On June 30, 2018 the firm sold 12,000 of the reacquired shares for $17 per share.

Prepare journal entry and show your work on numbers.