On December 31, 2014, Jean World Corporation Recorded the Following $\quad$

Essay

On December 31, 2014, Jean World Corporation recorded the following journal entry relating to its investment in 9,000 shares of common stock of Soda Corporation. 12/31/2014: $\quad$ Long-term investment in common stock $\quad 54,000$
$\quad$$\quad$$\quad$$\quad$$\quad$ Equity in affiliate earnings $\quad 54,000$ At the end of 2014, Soda Corporation reported net income of $120,000. Earlier in the year, Soda declared and paid dividends of $18,000.
Required:
A. What method is being used to account for this investment?
B. What is the total number of shares outstanding of Soda's common stock?