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\begin{array}{c}\phantom{\times999}12267\\\underline{\times\phantom{9999}1489}\\\end{array}
First line up the numbers vertically and match the places from the right like this.
\begin{array}{c}\phantom{\times999}12267\\\underline{\times\phantom{9999}1489}\\\phantom{\times99}110403\\\end{array}
Now multiply the first number with the 1^{st} digit in 2^{nd} number to get intermediate results. That is Multiply 12267 with 9. Write the result 110403 at the end leaving 0 spaces to the right like this.
\begin{array}{c}\phantom{\times999}12267\\\underline{\times\phantom{9999}1489}\\\phantom{\times99}110403\\\phantom{\times99}98136\phantom{9}\\\end{array}
Now multiply the first number with the 2^{nd} digit in 2^{nd} number to get intermediate results. That is Multiply 12267 with 8. Write the result 98136 at the end leaving 1 spaces to the right like this.
\begin{array}{c}\phantom{\times999}12267\\\underline{\times\phantom{9999}1489}\\\phantom{\times99}110403\\\phantom{\times99}98136\phantom{9}\\\phantom{\times9}49068\phantom{99}\\\end{array}
Now multiply the first number with the 3^{rd} digit in 2^{nd} number to get intermediate results. That is Multiply 12267 with 4. Write the result 49068 at the end leaving 2 spaces to the right like this.
\begin{array}{c}\phantom{\times999}12267\\\underline{\times\phantom{9999}1489}\\\phantom{\times99}110403\\\phantom{\times99}98136\phantom{9}\\\phantom{\times9}49068\phantom{99}\\\underline{\phantom{\times}12267\phantom{999}}\\\end{array}
Now multiply the first number with the 4^{th} digit in 2^{nd} number to get intermediate results. That is Multiply 12267 with 1. Write the result 12267 at the end leaving 3 spaces to the right like this.
\begin{array}{c}\phantom{\times999}12267\\\underline{\times\phantom{9999}1489}\\\phantom{\times99}110403\\\phantom{\times99}98136\phantom{9}\\\phantom{\times9}49068\phantom{99}\\\underline{\phantom{\times}12267\phantom{999}}\\\phantom{\times}18265563\end{array}
Now add the intermediate results to get final answer.