Exercise 7-11 (Algorithmic) (LO. 2) Rebecca holds 100 shares of Gotchas stock that she purchased for $2,800 several years ago. In a merger of Gotchas into Solis, Inc., Rebecca exchanges her 100 Gotchas shares for 1,000 Solis shares and $560. Gotchas is valued at $61.60 per share and Solis at $5.60 per share. What is Rebecca's realized and recognized gain/loss from the reorganization? Assuming that this exchange qualifies for tax-free treatment under 368, Rebecca's realized gain is gain IS b. What is Rebecca's basis in her Solis stock? X , her recognized