A 0.50kg solid sphere with density 800kg/m3 is held fully submerged in oil of density 900kg/m3 inside an elevator that accelerates downward at 2.0m/s2. When the sphere is released, what is the magnitude and direction of the net force acting on it at that instant?
a) 0.49N upward
b) 0.51N downward
c) 0N (forces balance exactly)
d) 0.61N upward