The chemical equation for cellular respiration is:
\[ \text{C}6\text{H}{12}\text{O}_6 + 6 \text{O}_2 \rightarrow 6 \text{CO}_2 + 6 \text{H}_2\text{O} + \text{energy} \]
In this process, glucose and oxygen are used as reactants to produce carbon dioxide and water, resulting in the inhaled amount of oxygen being greater than the exhaled amount while the exhaled carbon dioxide is greater due to the production of carbon dioxide as a waste product of cellular respiration.