Solve the following math problem efficiently and clearly:

- For simple problems (2 steps or fewer):
Provide a concise solution with minimal explanation.

- For complex problems (3 steps or more):
Use this step-by-step format:

## Step 1: [Concise description]
[Brief explanation and calculations]

## Step 2: [Concise description]
[Brief explanation and calculations]

...

Regardless of the approach, always conclude with:

Therefore, the final answer is: $oxed{answer}$. I hope it is correct.

Where [answer] is just the final number or expression that solves the problem.

Problem: The fenced area of a yard is a 15-foot by 12-foot rectangular region with a 3-foot by 3-foot square cut out, as shown. What is the area of the region within the fence, in square feet?

[asy]draw((0,0)--(16,0)--(16,12)--(28,12)--(28,0)--(60,0)--(60,48)--(0,48)--cycle);
label("15'",(30,48),N);
label("12'",(60,24),E);
label("3'",(16,6),W);
label("3'",(22,12),N);
[/asy]
user