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{3\,\text{cm} \times 4\,\text{cm}}3cm×4cmstart color #11accd, 3, start text, c, m, end text, times, 4, 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.