$$ On $1$ January $2024,$ the first day of the current year, Crown Ltd acquired in cash, a $40\%$ interest in a foreign entity called Jewels Ltd and from that date exerted significant influence over the entity. There was no gain on bargain purchase made on this investment. $$ Jewels Ltd was the only associate of Crown Ltd which they decided to account for using the equity$-$method. There was no impairment of the associate in the group financial statements in the current year. $$ Jewels Ltd paid dividends during the year. Pearl Ltd however did not declare nor pay any dividends during the year. $$ Dividends of $$5000$ was paid by Jewels Ltd on $1$ September $2024$ on which date the exchange rate was $$1$: R$14$:$40.$ The share of other comprehensive income of associate relates to only the recognition of the current year exchange gain regarding the remeasurement of the carrying amount of the associate, Jewels Ltd$.$ Required: The foreign associate has a $28$ February year end instead And Crown has a $31$ December year End. $$In this situation, the Chief Financial Officer $($CFO$)$ of Jewels Ltd has mentioned that preparing additional financial statements for consolidation purposes is impractical since it is too much effort and would be too costly for him to do$.$ In a memorandum to the CFO, discuss the process Crown Ltd would need to follow in order to account for Jewels Ltd in the consolidated financial statements of the Crown Ltd Group for the year ended $31$ December $2024,$ given that Jewels Ltd has a different year$-$end and given what the CFO has mentioned. Your discussion does not need to include any figures or calculations