Haley has been tracking her monthly expenses in different categories over the past year and wants to understand what percentage of her money she spends on eating out, groceries, entertainment, travel, and clothes.

What is the first thing Haleyshould do?

Multiply the expenses in each category by 100.

Add up all expenses to arrive at her total expenses for the year.

Divide the monthly expense in a category by the total annual expenses.

Divide the monthly expense in a category by the annual expense in that category.