We can solve this together! We're beginning with 559929 and removing 12220 from it.

Step 1: We'll start by subtracting the digit 0 and the borrow 0 from 9 in column 1 and get 9.
9 is the first digit of our result.

Step 2: We'll start by subtracting the digit 2 and the borrow 0 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 2 and the borrow 0 from 9 in column 3 and get 7.
7 is the next digit of our result.

Step 4: We'll start by subtracting the digit 2 and the borrow 0 from 9 in column 4 and get 7.
7 is the next digit of our result.

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

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

So, 559929 - 12220 = 547709.