Assessment 2: Let's test your knowledge! Instruction: Read the following scenario of Sky Incorporated and provide an effective credit and collection policy to mitigate the circumstances mentioned. Sky Incorporated is a financing company providing salary and bonuses loans for both private and public sector personnel and has been operating for almost 10 years since 2011. The company has seen good performance for the past years not later than 2018, where several delinquent debtors started to increase due to the shutting down of a Steel Corporation in 2017- a big company in the area used to produce and manufacture steel. More of its clients are from Steel Company and had been a partner of the financing already in its success since its building up. The past due accounts started to rise from Php500,000 in the year 2017 to Php1,000,000 in the year 2018. The collector can no longer collect from these people because of unstable employment Required: 1. Formulate a Mission Statement of the company. 2. Formulate Company's goals and objectives 3. Formulate a credit and collection policy on past due accounts, PAST DUE 4. Describe the special features of your formulated policies