Alright, let's solve this problem step by step. We have 520448 and 98692, and we're subtracting the second number from the first.

Step 1: We'll start by subtracting the digit 2 and the borrow 0 from 8 in column 1 and get 6.
6 is the first digit of our result.

Step 2: We'll start by subtracting the digit 9 and the borrow 0 from 4 in column 2 and get -5.
We add -5 to 10 and get 5 as the next digit of the result.

Step 3: We'll start by subtracting the digit 6 and the borrow 1 from 4 in column 3 and get -3.
We add -3 to 10 and get 7 as the next digit of the result.

Step 4: We'll start by subtracting the digit 8 and the borrow 1 from 0 in column 4 and get -9.
We add -9 to 10 and get 1 as the next digit of the result.

Step 5: We'll start by subtracting the digit 9 and the borrow 1 from 2 in column 5 and get -8.
We add -8 to 10 and get 2 as the next digit of the result.

Step 6: We'll start by subtracting the digit 0 and the borrow 1 from 5 in column 6 and get 4.
4 is the next digit of our result.

So, 520448 - 98692 = 421756.