A piece of lithium metal is added to a beaker that contains water and phenolphthalein. Using what you know about the properties of bases, choose the best explanation for what you observe.

1) The phenolphthalein is turning pink because an acid is forming

2) The phenolphthalein is turning pink because a base is forming.

3) The phenolphthalein is turning pink because the reaction is at equilibrium.