SolaMin CC is a profitable business in the maintenance of solar systems for mines in Ermelo, Mpumalanga. The CC has presented you with the following information for the preparation of the statement of cash flows for the previous financial year ended $31$ August $2023$:

Extract from the statement of financial position as at $31$ August $2023$:

$20232022$

R R

Long$-$term loan $323,800225,200$

SARS $$ current tax payable $72,20051,000$

Trade payables control $158,90085,900$

Loans from members $137,80014,200$

Accrued water and electricity expenses $7,0003,400$

Distribution to members payable $92,700128,300$

Retained earnings $273,60094,000$

Members$$ contributions $1,828,6001,681,600$

Fixed deposit $25,10012,800$

Vehicles at cost $147,000-$

Equipment $($at cost$)695,700617,300$

Land and buildings $1,051,700795,100$

Accumulated depreciation: equipment $107,80038,100$

Loans to members $87,20028,000$

Trade receivables control $66,90052,000$

Investment $($at fair value$)277,200-$

Inventory $150,30085,900$

Prepaid security expense $53,90044,500$

Dividend receivable $55,100232,300$

Bank $504,000707,500$

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 expeses $266,000$

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 $23,200$

Fair value gain on listed investments $32,700$

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 maintenance$$ranging from spare parts to entire solar panels$$is procured and sold on credit terms.

$3.$ This year, profit distributions totalling R$194,000$ 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 company$$s 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 systems$$bought originally at R$19,000$ and with accumulated depreciation, on the date of sale, of R$7,000$ was sold as part of the company$$s 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 company$$s 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.

Which of the following alternatives represents the correct amount that must be disclosed as acquisition of listed investments under cash flows from operating activities section in the statement of cash flows for SolaMin CC for the year ended $31$ August $2023?$

a$.$

$-$R$277,200$

b$.$

$-$R$244,500$

c$.$

R$0$

d$.$

$-$R$264,000$