Find closest multiple of $60$ to $72$. We see that $1 \times 60 = 60$ is the nearest. Now subtract $60$ from $72$ to get reminder $12$. Add $1$ to quotient.
Find closest multiple of $60$ to $120$. We see that $2 \times 60 = 120$ is the nearest. Now subtract $120$ from $120$ to get reminder $0$. Add $2$ to quotient.
Since $0$ is less than $60$, stop the division. The reminder is $0$. The topmost line $012$ is the quotient. Remove all zeros at the start of the quotient to get the actual quotient $12$.