Context: Luke is trying to lift a heavy old television. He is pulling up on the television with a force of 500N. Earth's gravity is pulling down on the television with a force of 500N.
Assume all other forces on the television are balanced. Which statement describes the forces on the television?
A. The forces are unbalanced, so there is a net force on the television.
B. The forces are balanced, so there is no net force on the television.
Identify the correct option from the choices provided and respond with the letter of the correct option.

B