Good Limited provided a loan of $1,300,000 to its subsidiary Catch Limited. On consolidation, which of the following adjustments is needed in relation to this intragroup loan?

		DR Loan payable to parent $1,300,000 CR Cash $1,300,000
		No adjustment needed.
		DR Loan receivable from subsidiaries $1,300,000 CR Loan payable to parent $1,300,000
		DR Loan payable from parent $1,300,000 CR Loan receivable from subsidiaries $1,300,000