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Extract from the statement of profit or loss and other comprehensive income for the year ended 3 1 August 2 0 2 3 : R

Extract from the statement of profit or loss and other comprehensive income for the year ended 31 August 2023:
R
Revenue sale of maintenance parts 1,701,600
Revenue maintenance services 1,013,800
Cost of sales 935,800
Travel expenses 32,100
Repairs and maintenance expenses 38,900
Other operating expenses 266,000
Water and electricity 108,800
Depreciation on equipment 191,400
Security expenses 64,400
Profit on sale of equipment 19,100
Interest income on loans to members 11,000
Interest expense on loans from members 24,000
Interest expense on long term loans 19,300
Investment income: dividend income 23,200
Income tax expense 168,900
Additional information
1. The company adopts the direct method for presenting cash flows from operating activities.
2. All inventory necessary for solar system maintenanceranging from spare parts to entire solar panelsis procured and sold on credit terms.
3. This year, profit distributions totalling R194,000 were declared to members, reflecting the company's profitability and its commitment to returning value to its investors.
4. Over the financial year, significant refurbishments were made to the companys operational facilities, including the storage building for solar components.
5. Interest on loans given to and obtained from members is capitalised. All loans to members are immediately callable, while the total amount due to partners is payable on 30 June 2026.
6. During the year, equipment essential for maintaining solar systemsbought originally at R19,000 and with accumulated depreciation, on the date of sale, of R7,000 was sold as part of the companys asset improvement strategy. The proceeds were reinvested in acquiring new, more efficient and technologically advanced equipment on 30 June 2023. This new machinery is expected to enhance the efficiency of maintenance operations and support the companys growth in the solar maintenance sector.
7. The company maintains a strategic investment in 11,000 ordinary shares of Ermelo Energy Resources Ltd, a move that aligns with its core business by investing in a company that is also involved in the renewable energy sector. This investment was acquired at a cost of R24(per share) and the shares traded at R25.2 on 31 August 2023.
8. Land and buildings were appraised by an independent valuer and all the adjustments have been correctly recorded in the financial records of the CC.
9. On 31 August 2023, the finance managed discovered that the maintenance team had granted one of the customers a discount of R2,500 on a maintenance job done on the day. This is yet to be recorded by the finance team.
10. One of the members contributed a second-hand bakkie to the CC for use by the maintenance team to carry spare parts when travelling to different client sites. No other contributions were made by the members to the CC.
Which of the following alternatives represents the correct amount that must be disclosed as cash receipts from customers under cash flows from operating activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
a.
R1,689,200
b.
R2,700,500
c.
R2,703,000
d.
R2,727,800

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