Ch 03: Assignment - Financial Statements, Tools, and Budgets Attempts Keep the Highest 5.7/6 4. Understanding the cash-flow statement A cash-flow statement shows you where your money comes from and where it goes. There are three sections. The first is section. It reflects all cash inflows including income from wages, gifts, investments, and so on. The where expenses are classified as fixed or variable. And the last part is the of the cash in and cash out, which shows what what you have overspent in a given time period. The following items may or may not appear on a personal cash-flow statement. Check "Cash In" or "Cash Out" accordingly if the item would appear on a personal cash-flow statement. If neither applies, leave both checkboxes empty. Expenses are categorized as fixed or variable depending on their nature. Categorize each of the following expenses as fixed or variable. \begin{tabular}{|lcc|} \hline & Fixed Expenses & Variable Expenses \\ \hline Monthly rent payment & & \\ \hline Plumbing bill & & \\ \hline Quarterly insurance & & \\ \hline Restaurant meal expense & & \\ \hline \end{tabular}