A circle is cut from a square piece of cloth, as shown:

A square, one side labeled as 48 inches, has a circle inside it. The circle touches all the sides of the square. The portion of the square outside the circle is shaded.

How many square inches of cloth are cut from the square?

(π = 3.14)

Answer Choices:
150.72 in2
192.00 in2
1,152.00 in2
1,808.64 in2