Blue, Inc, Receives Its Support from the Following Sources Which of the Following Statements Is Correct?
A)Blue, Inc

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

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.