Assume all other forces on the television are balanced. Which statement describes the forces on the television?

 - The forces are unbalanced, so there is a net force on the television.
 - The forces are balanced, so there is no net force on the television.
To determine if there is a net force on the television, look at the forces:
Luke is pulling the television up with a force of 500 N.
Earth's gravity is pulling the television down with a force of 500 N.
The forces are in opposite directions, and the forces have the same magnitude: 500 N. This means that the forces are balanced, so there is no net force on the television.