Rebecca holds $100$ shares of Gotchas stock that she purchased for $$4,300$ several years ago. In a merger of Gotchas into Solis, Inc.,

Rebecca exchanges her $100$ Gotchas shares for $1,000$ Solis shares and $$860.$ Gotchas is valued at $$94\mathrm{.}60$ per share and Solis at $$8\mathrm{.}60$

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?