Rebecca holds 100 shares of Gotchas stock that she purchased for $1,500 several years ago. In a merger of Gotchas into Solis, Inc., Rebecca exchanges her 100 Gotchas shares for 1,000 Solis shares and $300. Gotchas is valued at $33.00 per share and Solis at $3.00 per share.

What is Rebeccas realized and recognized gain/loss from the reorganization? Assuming that this exchange qualifies for tax-free treatment under 368, Rebeccas realized gain is $________