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Torques must balance

F1 * X1 = F2 * Y2

or M1 g X1 = M2 g X2

X2 = M1 / M2 * X1 = 130.4 / 62.3 * 10.7

X2 = 22.4 cm

Torque = F1  * X2 =

62.3 gm* 980 cm/sec^2  * 22.4 cm = 137,000 gm cm^2 / sec^2

Normally x cross y   will be out of the page

r X F  for F1 will be into the page so the torque must be negative

see earlier

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cathode rays were bent in the same way whenever a magnet was brought near them.