Blue, Inc, Receives Its Support from the Following Sources A) Blue, Inc

Blue, Inc., receives its support from the following sources.
$\begin{array}{llr} \text { Governmental unit \( A \) , for services rendered } &\$18,000\\ \text {General public, for services rendered } &25,000\\ \text {Gross investment income } &8,000\\ \text { Contributions from individual substantial contributors (disoulalified persons) } &19,000\\\\\text { Which of the following statements is correct? }\end{array}$

A) Blue, Inc., is a private foundation because it satisfies the external support test and fails the internal support test.
B) Blue, Inc., is not a private foundation because it fails both the internal and external support tests.
C) Blue, Inc., is a private foundation because it satisfies both the external support test and the internal support test.
D) Blue, Inc., is not a private foundation because it satisfies both the external support test and the internal support test.
E) None of the statements is true.