Question 17 (5 points) Arrange the following steps in Factoring. The factor sends a statement of account to the buyer on behalf of the seller. The buyer makes payment of the full amount of the invoice to the factor as per agreed terms. Seller sends a copy of the invoice to the factor. Seller raises an invoice on buyer, with instructions to pay the factor directly, and sends it to the customer. The factor operates credit control procedures including maintaining ledger, correspondence and telephoning the buyer, if account to the buyer on behalf of the seller. The buyer makes payment of the full amount of the invoice to the factor as per agreed terms. Seller sends a copy of the invoice to the factor. Seller raises an invoice on buyer, with instructions to pay the factor directly, and sends it to the customer. The factor operates credit control procedures including maintaining ledger. correspondence and telephoning the buyer, if necessary. The factor pays an agreed percentage of the invoice amount to the seller