69296 ÷ 12 
We want to figure out the number of times 69296 can be divided by 12.

Advancing to step 1:
When dividing 6 by 12, we get 0 with a remainder of 6.
Put 0 as the next digit of the answer. 
Result so far: 0.0
If we take 0 away from 6, we end up with 6.
Include the next digit (9) from the dividend after 6, then repeat: 69 / 12

Going ahead to step 2:
The number 12 fits into 69 5 times, leaving a remainder of 9.
The next digit of our result is 5. 
Result so far: 5.0
Deduct 60 from 69 and we're left with 9.
Fetch the next digit (2) from the dividend, attach it to 9 and continue: 92 / 12

Let's proceed to step 3:
92 divided by 12 is 7 with a remainder of 8.
Put 7 as the next digit of the answer. 
Result so far: 57.0
The remainder is 8 after subtracting 84 from 92.
Grab the next digit (9) from the dividend, add it to 8, then carry on: 89 / 12

On to step 4:
When dividing 89 by 12, we get 7 with a remainder of 5.
Put 7 as the next digit of the answer. 
Result so far: 577.0
Subtracting 84 from 89 leaves us with 5.
Fetch the next digit (6) from the dividend, attach it to 5 and continue: 56 / 12

Moving on to step 5:
The number 12 fits into 56 4 times, leaving a remainder of 8.
The number 4 becomes the next digit in our result. 
Result so far: 5774.0
Deduct 48 from 56 and we're left with 8.
Since there are no more digits in the dividend, we add a zero to the remainder making it 80, and continue the process.

Let's proceed to step 6:
When dividing 80 by 12, we get 6 with a remainder of 8.
The number 6 becomes the next digit in our result. 
Result so far: 5774.6
If we subtract 72 from 80, we get 8.
Since there are no more digits in the dividend, we add a zero to the remainder making it 80, and continue the process.

Going ahead to step 7:
12 goes into 80 6 times with a remainder of 8.
Use 6 as the next digit of our solution. 
Result so far: 5774.66
Subtract 72 from 80 to get 8.
Since there are no more digits in the dividend, we add a zero to the remainder making it 80, and continue the process.

In conclusion, the division gives 5774.66 with a balance of 0.008.