7064416 ÷ 120 
Our goal is to divide 7064416 by 120.

Going ahead to step 1:
If we divide 7 by 120, we get 0 and a remainder of 7.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
If we take 0 away from 7, we end up with 7.
Take the next digit (0) from the dividend and append it to 7, then repeat: 70 / 120

Let's proceed to step 2:
When dividing 70 by 120, we get 0 with a remainder of 70.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
Deduct 0 from 70 and we're left with 70.
Bring next digit (6) of the dividend behind the 70 and repeat the process: 706 / 120

Step 3:
120 goes into 706 5 times with a remainder of 106.
Write down 5 as next digit of the result. 
Result so far: 5.0
Deduct 600 from 706 and we're left with 106.
Bring next digit (4) of the dividend behind the 106 and repeat the process: 1064 / 120

Let's proceed to step 4:
The number 120 fits into 1064 8 times, leaving a remainder of 104.
The next digit of our result is 8. 
Result so far: 58.0
Subtracting 960 from 1064 leaves us with 104.
Bring next digit (4) of the dividend behind the 104 and repeat the process: 1044 / 120

Step 5:
If we divide 1044 by 120, we get 8 and a remainder of 84.
Record the quotient 8 as the next digit in the result. 
Result so far: 588.0
If we subtract 960 from 1044, we get 84.
Bring next digit (1) of the dividend behind the 84 and repeat the process: 841 / 120

Moving on to step 6:
When dividing 841 by 120, we get 7 with a remainder of 1.
Record the quotient 7 as the next digit in the result. 
Result so far: 5887.0
If we take 840 away from 841, we end up with 1.
Append the next digit (6) from the dividend to 1 and continue with: 16 / 120

On to step 7:
The number 120 fits into 16 0 times, leaving a remainder of 16.
Put 0 as the next digit of the answer. 
Result so far: 58870.0
If we take 0 away from 16, we end up with 16.
Since there are no more digits in the dividend, we add a zero to the remainder making it 160, and continue the process.

Step 8:
The number 120 fits into 160 1 times, leaving a remainder of 40.
Put 1 as the next digit of the answer. 
Result so far: 58870.1
Deduct 120 from 160 and we're left with 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

Moving on to step 9:
If we divide 400 by 120, we get 3 and a remainder of 40.
Record the quotient 3 as the next digit in the result. 
Result so far: 58870.13
Deduct 360 from 400 and we're left with 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

Advancing to step 10:
120 can be fit into 400 3 times, resulting in a remainder of 40.
Write down 3 as next digit of the result. 
Result so far: 58870.133
Deduct 360 from 400 and we're left with 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

In conclusion, the division gives 58870.133 with a balance of 0.004.