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Rebecca holds 1 0 0 shares of Gotchas stock that she purchased for $ 4 , 5 0 0 several years ago. In a merger

Rebecca holds 100 shares of Gotchas stock that she purchased for $4,500 several years ago. In a merger of Gotchas into Solis, Inc.,
Rebecca exchanges her 100 Gotchas shares for 1,000 Solis shares and $900. Gotchas is valued at $99.00 per share and Solis at $9.00 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 Solis stock?
$,x
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