Exercise 20-23 (Algorithmic) (LO. 3) Rebecca holds 100 shares of Gotchas stock that she purchased for $1,100 several years ago. In a merger of Gotchas into Solis, Inc., Rebecca exchanges her 100 Gotchas shares for 1,000 Solis shares and $220. Gotchas is valued at $24.20 per share and Solis at $2.20 per share. What is Rebecca's realized and recognized gain/loss from the reorganization? The exchange of Rebecca's stock b. What is Rebecca's basis in her Solis stock? income tax consequences for Gotchas or Solis. +A