Find closest multiple of $60$ to $160$. We see that $2 \times 60 = 120$ is the nearest. Now subtract $120$ from $160$ to get reminder $40$. Add $2$ to quotient.
Since $40$ is less than $60$, stop the division. The reminder is $40$. The topmost line $002$ is the quotient. Remove all zeros at the start of the quotient to get the actual quotient $2$.