Alright, let's solve this problem step by step. We have 54295 and 31433, and we're subtracting the second number from the first.

Step 1: We'll start by subtracting the digit 3 and the borrow 0 from 5 in column 1 and get 2.
2 is the first digit of our result.

Step 2: We'll start by subtracting the digit 3 and the borrow 0 from 9 in column 2 and get 6.
6 is the next digit of our result.

Step 3: We'll start by subtracting the digit 4 and the borrow 0 from 2 in column 3 and get -2.
We add -2 to 10 and get 8 as the next digit of the result.

Step 4: We'll start by subtracting the digit 1 and the borrow 1 from 4 in column 4 and get 2.
2 is the next digit of our result.

Step 5: We'll start by subtracting the digit 3 and the borrow 0 from 5 in column 5 and get 2.
2 is the next digit of our result.

So, 54295 - 31433 = 22862.