Answer:
0.952 ft/s^2, 125 lb 4006.25 lbf
Step-by-step explanation:
mass of balloon, m = 125 lb 
Weight of balloon, W = 119 lbf 
As we know that 
Weight = mass x acceleration due to gravity
W = m g 
119 = 125 g 
g = 0.952 ft/s^2
The value of local acceleration due to gravity is 0.952 ft/s^2.
When g = 32.05 ft/s^2 
mass = 125 lb 
Mass of a material remains constant but the weight changes. 
W = m x g 
W = 125 x 32.05 = 4006.25 lbf