A piece of paper is in the shape of a rectangle. The piece of paper is 1 5/8 inches (in.) wide and 8 3/4 in. long. A student cuts the piece of paper in the following order: The student cuts 3/4 off inch from the width. The student cuts 3/4 off inch from the length. The student cuts the remaining piece of paper into 12 equally long pieces of paper. What is the area of each of the 12 equally long pieces of paper? Explain your answer completely and show all your work. Include in your explanation an equation you can use to find the area of each of the 12 equally long pieces of paper.