Exercise 7-15 (Algorithmic) (LO. 2) Rebecca holds 100 shares of Gotchas stock that she purchased for $2,200 several years ago. In a merger of Gotchas into Solis, Inc., Rebecca exchanges her 100 Gotchas shares for 1,000 Solls shares and $440. Gotchas is valued at $48.40 per share and Solis at $4.40 per share. a. What is Rebecca's realized and recognized gain/loss from the reorganization? The exchange of Rebecca's stock ( income tax consequences for Gotchas or Solis, b. What is Rebecca's basis in her Solls stock?