Let's dive into this subtraction. We'll start with 56623 and subtract 1117 from it.

Step 1: We'll start by subtracting the digit 7 and the borrow 0 from 3 in column 1 and get -4.
We add -4 to 10 and get 6 as the first digit of the result.

Step 2: We'll start by subtracting the digit 1 and the borrow 1 from 2 in column 2 and get 0.
0 is the next digit of our result.

Step 3: We'll start by subtracting the digit 1 and the borrow 0 from 6 in column 3 and get 5.
5 is the next digit of our result.

Step 4: We'll start by subtracting the digit 1 and the borrow 0 from 6 in column 4 and get 5.
5 is the next digit of our result.

Step 5: We'll start by subtracting the digit 0 and the borrow 0 from 5 in column 5 and get 5.
5 is the next digit of our result.

So, 56623 - 1117 = 55506.