Let's dive into this subtraction. We'll start with 129701 and subtract 9499 from it.

Step 1: We'll start by subtracting the digit 9 and the borrow 0 from 1 in column 1 and get -8.
We add -8 to 10 and get 2 as the first digit of the result.

Step 2: We'll start by subtracting the digit 9 and the borrow 1 from 0 in column 2 and get -10.
We add -10 to 10 and get 0 as the next digit of the result.

Step 3: We'll start by subtracting the digit 4 and the borrow 1 from 7 in column 3 and get 2.
2 is the next digit of our result.

Step 4: We'll start by subtracting the digit 9 and the borrow 0 from 9 in column 4 and get 0.
0 is the next digit of our result.

Step 5: We'll start by subtracting the digit 0 and the borrow 0 from 2 in column 5 and get 2.
2 is the next digit of our result.

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

So, 129701 - 9499 = 120202.