ASAP pls During the year ended $30$ June $2014,$ Parent company guarantees borrowings of Subsidiary company which amounts to $$1,000,000.$ At the time of the guarantee, Subsidiary$$s$$ financial position was sound. During the year ended $30$ June $2015,$ the financial condition of Subsidiary company deteriorates and at $30$ June $2015$ Subsidiary company files for protection from its creditors. Requirements: $1)$ How should this be treated in Parent$$s financial statements for the year ended i$)30$ June $2014$ and ii$)30$ June $2015.$