Partnership LLC Received K1 from LLC it has investment in

I am a member of a partnership LLC, let's say "My LLC" which has invested in another LLC, let's say "Invest LLC". Invest LLC issued K1 in which cell 2 has a loss of $1000.

 

1. Does My LLC reduce this loss of $1000 from its working capital and also from its Asset (Investment value - Depreciation)? OR How do I treat this in my Balance Sheet and books?

 

2. The K1 from Invest LLC also has a amount of $100 in cell 19 marked as A. How do I treat this?

 

Please advise.