On December 31,2010,Jean World Corporation Recorded the Following Journal Entry $\quad$

On December 31,2010,Jean World Corporation recorded the following journal entry relating to its investment in 9,000 shares of common stock of Soda Corporation. 12/31/2010: $\quad$ Long-term investment in common stock $\quad 54,000$
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Equity in investee earnings $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad 54,000$ At the end of 2010,Soda Corporation reported net income of $120,000.Earlier in the year,Soda declared and paid dividends of $18,000.
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?