Alpha Corporation is interested in acquiring Beta Corporation as of August $7$ of the current year$($not a leap year$)$ because Beta manufactures a chemical that is essential for the processing ofAlpha$$s products. Alpha will transfer its stock for all of Beta$$s plants, equipment, and inventory valued at $$2,000,000($$$1,500,000$ adjusted basis$)$ and the $$1,000,000$ liabilities associated with these assets. Alpha plans on continuing to use Beta$$s assets in the manufacturing of the chemical that has been producing for the last seven years. However, Beta will retain $$50,000$ cash and liquid assets to pay a product lawsuit liability. Besides transferring its assets and liabilities, Beta has a$$100,000$ deficit in its E & P account, $$300,000$ NOL, and $$21,000$ business credits to carry over to Alpha. Beta is owned solely by Kramer who has a basis in her stock of $$375,000.$Assuming the transaction meets all the requirements for a corporate reorganization under $368,$ how much gain$/$loss is realized by Alpha, Beta, and Kramer? How much of the realized gain$/$loss is recognized? What is Alpha$$s basis in the assets it receives, and what is Kramer$$s basis in her new Alpha stock?