We're dividing 88060781 by 160 
We're looking to find how many times 160 goes into 88060781.

Moving on to step 1:
When dividing 8 by 160, we get 0 with a remainder of 8.
Put 0 as the next digit of the answer. 
Result so far: 0.0
Subtract 0 from 8 to get 8.
Include the next digit (8) from the dividend after 8, then repeat: 88 / 160

Let's proceed to step 2:
160 can be fit into 88 0 times, resulting in a remainder of 88.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
Deduct 0 from 88 and we're left with 88.
Bring next digit (0) of the dividend behind the 88 and repeat the process: 880 / 160

Advancing to step 3:
When dividing 880 by 160, we get 5 with a remainder of 80.
Record the quotient 5 as the next digit in the result. 
Result so far: 5.0
If we subtract 800 from 880, we get 80.
Bring next digit (6) of the dividend behind the 80 and repeat the process: 806 / 160

Advancing to step 4:
If we divide 806 by 160, we get 5 and a remainder of 6.
The number 5 becomes the next digit in our result. 
Result so far: 55.0
If we subtract 800 from 806, we get 6.
Bring next digit (0) of the dividend behind the 6 and repeat the process: 60 / 160

Going ahead to step 5:
160 goes into 60 0 times with a remainder of 60.
The next digit of our result is 0. 
Result so far: 550.0
Subtract 0 from 60 to get 60.
Bring next digit (7) of the dividend behind the 60 and repeat the process: 607 / 160

On to step 6:
160 can be fit into 607 3 times, resulting in a remainder of 127.
Record the quotient 3 as the next digit in the result. 
Result so far: 5503.0
Subtract 480 from 607 to get 127.
Take the next digit (8) from the dividend and append it to 127, then repeat: 1278 / 160

Step 7:
The number 160 fits into 1278 7 times, leaving a remainder of 158.
Put 7 as the next digit of the answer. 
Result so far: 55037.0
The remainder is 158 after subtracting 1120 from 1278.
Bring next digit (1) of the dividend behind the 158 and repeat the process: 1581 / 160

Let's proceed to step 8:
160 can be fit into 1581 9 times, resulting in a remainder of 141.
Use 9 as the next digit of our solution. 
Result so far: 550379.0
If we take 1440 away from 1581, we end up with 141.
Since there are no more digits in the dividend, we add a zero to the remainder making it 1410, and continue the process.

Advancing to step 9:
When dividing 1410 by 160, we get 8 with a remainder of 130.
Record the quotient 8 as the next digit in the result. 
Result so far: 550379.8
If we take 1280 away from 1410, we end up with 130.
Since there are no more digits in the dividend, we add a zero to the remainder making it 1300, and continue the process.

Advancing to step 10:
The number 160 fits into 1300 8 times, leaving a remainder of 20.
The next digit of our result is 8. 
Result so far: 550379.88
The remainder is 20 after subtracting 1280 from 1300.
Since there are no more digits in the dividend, we add a zero to the remainder making it 200, and continue the process.

In conclusion, the division gives 550379.88 with a balance of 0.02.