We're dividing 74858606 by 588 
We want to divide 74858606 by 588.

Going ahead to step 1:
7 divided by 588 is 0 with a remainder of 7.
Put 0 as the next digit of the answer. 
Result so far: 0.0
The remainder is 7 after subtracting 0 from 7.
Append the next digit (4) from the dividend to 7 and continue with: 74 / 588

Let's proceed to step 2:
The number 588 fits into 74 0 times, leaving a remainder of 74.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
Subtract 0 from 74 to get 74.
Grab the next digit (8) from the dividend, add it to 74, then carry on: 748 / 588

Step 3:
588 can be fit into 748 1 times, resulting in a remainder of 160.
Use 1 as the next digit of our solution. 
Result so far: 1.0
Deduct 588 from 748 and we're left with 160.
Fetch the next digit (5) from the dividend, attach it to 160 and continue: 1605 / 588

Advancing to step 4:
When dividing 1605 by 588, we get 2 with a remainder of 429.
Use 2 as the next digit of our solution. 
Result so far: 12.0
Subtract 1176 from 1605 to get 429.
Fetch the next digit (8) from the dividend, attach it to 429 and continue: 4298 / 588

Let's proceed to step 5:
588 goes into 4298 7 times with a remainder of 182.
Use 7 as the next digit of our solution. 
Result so far: 127.0
Deduct 4116 from 4298 and we're left with 182.
Include the next digit (6) from the dividend after 182, then repeat: 1826 / 588

Step 6:
588 can be fit into 1826 3 times, resulting in a remainder of 62.
Record the quotient 3 as the next digit in the result. 
Result so far: 1273.0
If we take 1764 away from 1826, we end up with 62.
Fetch the next digit (0) from the dividend, attach it to 62 and continue: 620 / 588

Moving on to step 7:
620 divided by 588 is 1 with a remainder of 32.
The number 1 becomes the next digit in our result. 
Result so far: 12731.0
Subtract 588 from 620 to get 32.
Include the next digit (6) from the dividend after 32, then repeat: 326 / 588

Step 8:
588 can be fit into 326 0 times, resulting in a remainder of 326.
Write down 0 as next digit of the result. 
Result so far: 127310.0
If we take 0 away from 326, we end up with 326.
Since there are no more digits in the dividend, we add a zero to the remainder making it 3260, and continue the process.

Step 9:
If we divide 3260 by 588, we get 5 and a remainder of 320.
Write down 5 as next digit of the result. 
Result so far: 127310.5
If we subtract 2940 from 3260, we get 320.
Since there are no more digits in the dividend, we add a zero to the remainder making it 3200, and continue the process.

Advancing to step 10:
588 goes into 3200 5 times with a remainder of 260.
The next digit of our result is 5. 
Result so far: 127310.55
Subtracting 2940 from 3200 leaves us with 260.
Since there are no more digits in the dividend, we add a zero to the remainder making it 2600, and continue the process.

In conclusion, the division gives 127310.55 with a balance of 0.26.