Cable and Jones are considering forming a partnership whereby profits will be allocated through the use of salaries and bonuses. Bonuses will be 10% of net income after total salaries and bonuses. Cable will receive a salary of 30,000 and 10% bonus. Jones has the option of receiving a salary of 40,000 and a 10% bonus or simply receiving a salary of 52,000.

Determine the level of income that would be necessary so that Jones would be indifferent to the profit-sharing option selected.