negative net assets (net liability)

Dear Sir During my consolidation, I came through a situation whereby one of the subsidiaries have a negative net asset and is in the phase of liquidation. The balance sheet of the subsidiary is as follows:- Assets Cash and cash equivalent US$ 100 Liabilities Loan US$300 Equities(Accumulated losses) (US$200) Deconsolidating the subsidiary at group level, will it mean to DR Net Assets and CR income statement? My understanding is that given it is a net liability, to reverse same, we need to debit the net asset (which account?) and credit income statement I would be most grateful if you can advise on the above please..Very tricky situation!! Thank you in advance