The adjoining figure shows a force of 40 N pulling a body of mass 5 kg in a direction  above the horizontal. The body is in rest on a smooth horizontal surface. Assuming acceleration of free-fall is 10 . Which of the following statements I and II is/are correct?

I) The weight of the 5 kg mass acts vertically downwards

II) The net vertical force acting on the body is 30 N.

1. Only I  

2. Only II  

3. Both I and II

4. None of them