Your diagrams look ok.
Take g as 10ms-2 as in the question. It makes life easier!
Write down an equation for each object, with the forces upwards balancing the forces downwards.
You will get 3 equations with T1, T2 and m, the mass of the lowest object, as unknowns.
So for the upper object you have the forces there
700N upwards (air resistance)
20g (= 200N) downwards (weight of parachute)
T1 downwards (tension in the rope)
And the equation for zero resultant force means the forces are balanced and there is no acceleration, so
T1 + 200 = 700 (downwards forces = upwards force)
Now you do the same for the other 2 objects.
You then have 3 simultaneous equations to solve.
There is a 4th equation you can use which finds the mass of the lower object directly. If you can't spot that, I'll tell you in my next reply.