Table:
Years ended August 31,	2019	2018

Outstanding, beginning of the year	42,607	40,446

Issued	11,328	6,662

Redeemed	(12,351)	(5,549)

Dividend equivalents	1,095	1,048

Outstanding, end of the year	42,679	42,607

To fulfill your task, review the table image and pinpoint the positions of the specified cells. Make sure to represent a cell's location using the json format {'value': '<cell value>', 'location': (Row_ID, Column_ID)} which begin from '(1, 1)'.
Target cells:
Redeemed

Should a cell be absent in the table, denote its location as 'DOES NOT EXIST'.

The location of the cell is {'value': 'Redeemed', 'location': (4, 1)}.