Got it! So, we have 79744 and 74840, and we'll subtract the latter from the former.

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

Step 2: We'll start by subtracting the digit 4 and the borrow 0 from 4 in column 2 and get 0.
0 is the next digit of our result.

Step 3: We'll start by subtracting the digit 8 and the borrow 0 from 7 in column 3 and get -1.
We add -1 to 10 and get 9 as the next digit of the result.

Step 4: We'll start by subtracting the digit 4 and the borrow 1 from 9 in column 4 and get 4.
4 is the next digit of our result.

Step 5: We'll start by subtracting the digit 7 and the borrow 0 from 7 in column 5 and get 0.
0 is the next digit of our result.

So, 79744 - 74840 = 4904.