Rebecca holds 100 shares of Gotchas stock that she purchased for $5,000 several years ago. In a merger of Gotchas into Solis, Inc., Rebecca exchanges her 100 Gotchas shares for 1,000 Solis shares and $1,000. Gotchas is valued at $110.00 per share and Solis at $10.00 per share.

a. What is Rebecca's realized and recognized gain/loss from the reorganization? Assuming that this exchange qualifies for tax-free treatment under 368, Rebecca's realized gain is $_______, her recognized gain is $_______.

b. What is Rebecca's basis in her Solis stock? $________