Develop a class diagram using the concept of Polymorphism.

There are two types of parking permits ---the S permit and the F permit. Both types of permits specify the permit ID, issue date and cost. The S permit also specifies the permit type (e.g., commuter, evening, residential, etc.), and the semester (e.g., Fall 2017). The F permit specifies the group of faculty/staff (e.g, group 1, group 2, hourly employee, adjunct, etc.) and the academic year (e.g., year 2017/2018).The process of issuing the two types of permits are different. For example, the students registration status is checked before issuing a S permit, while payroll deduction is set up before issuing a F permit.