Find closest multiple of $60$ to $86$. We see that $1 \times 60 = 60$ is the nearest. Now subtract $60$ from $86$ to get reminder $26$. Add $1$ to quotient.
Find closest multiple of $60$ to $264$. We see that $4 \times 60 = 240$ is the nearest. Now subtract $240$ from $264$ to get reminder $24$. Add $4$ to quotient.
Since $24$ is less than $60$, stop the division. The reminder is $24$. The topmost line $014$ is the quotient. Remove all zeros at the start of the quotient to get the actual quotient $14$.
