A circle with radius of \greenD{1\,\text{cm}}1cmstart color #1fab54, 1, start text, c, m, end text, end color #1fab54 sits inside a \blueD{11\,\text{cm} \times 12\,\text{cm}}11cm×12cmstart color #11accd, 11, start text, c, m, end text, times, 12, start text, c, m, end text, end color #11accd rectangle.
What is the area of the shaded region?
Round your final answer to the nearest hundredth.