Where Does This Go: Building a Personal Financial Statement Learning objective: categorize and estimate the components of a personal financial statement Below you will see a list of items typical to a college senior's experience. Your job is to work with your partner(s) to categorize each item into one of the four major categories discussed in Chapter 2: assets, liabilities, cash flow in, or cash flow out. Initially, work together to define each of the aforementioned categories. Then, label each item in the table as one of the four categories. Lastly, without revealing your personal information, consider with your group what you feel to be an accurate estimated value of each item. Define the categories of a Personal Financial Statement below. Asset: Liability: Cash Flow In: Cash Flow Out: Categorize and estimate the value each item. Category Estimated Value Item Medical Bills Student Loan Payment Gold Coin Collection Student Loan Total Amount Savings Account Balance Car Payment Utilities Checking Account Balance Christmas Money from Family Recreation Entertainment Category Estimated Value Item Medical Bills Student Loan Payment Gold Coin Collection Student Loan Total Amount Savings Account Balance Car Payment Utilities Checking Account Balance Christmas Money from Family Recreation/Entertainment Credit Card Balance Value of Car Salary Car Maintenance Insurance Payment Earned Interest on Savings Furniture Food Trust Fund Balance Rent Winning the lottery