Rebecca holds 100 shares of Gotchas stock that she purchased for $2,100 several years ago. In a merger of Gotchas into Solis, Inc., Rebecca exchanges her 100 Gotchas shares for 1,000 Solis shares and $420. Gotchas is valued at $46.20 per share and Solis at $4.20 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?