Hosha exchanges all of her Leaf stock for Petal stock plus $22,800 cash. The exchange is pursuant to a tax-free reorganization. Hosha paid $114,000 for the Leaf stock five years ago. The Petal stock received by Hosha has an $79,800 fair market value.

If an amount is zero, enter "0".

a. What is Hoshas realized and recognized gain/loss from the reorganization? Hosha has a $____________ realized___________(Gain/loss) of which $________________ is recognized.

b. What is Hoshas basis in the Petal stock she received? Her basis in the Petal stock is $____________.