Alright, ready to do some subtraction? We're taking 265969 and subtracting 61901 from it.

Step 1: We'll start by subtracting the digit 1 and the borrow 0 from 9 in column 1 and get 8.
8 is the first digit of our result.

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

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

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

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

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

So, 265969 - 61901 = 204068.