Rebecca holds 100 shares of Gotcha stock that she purchased for $3,800 several years ago. In a merger of Gotcha into Solis, Inc. Rebecca exchanges her 100 Gotcha shares for 1,000 Solis shares and $250. Gotcha is valued at $8.50 per share and Solis at $8.75 per share.

What is Rebecca's realized and recognized gain/loss from the reorganization?

What is the basis of her Solis stock?

Please explain how to get answer.