Rebecca holds 100 shares of Gotchas stock that she purchased for $4,600 several years ago. In a merger of Gotchas into Solis, Inc., Rebecca exchanges her 100 Gotchas shares for 1,000 Solis shares and $920. Gotchas is valued at $101.20 per share and Solis at $9.20 per share. a. What is Rebecca's realized and recognized gain/loss from the reorganization? The exchange of Rebeccas stock has no income tax consequences for Gotchas or Solis.