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\begin{array}{c}\phantom{\times9999}2054\\\underline{\times\phantom{9999}8526}\\\end{array}
First line up the numbers vertically and match the places from the right like this.
\begin{array}{c}\phantom{\times9999}2054\\\underline{\times\phantom{9999}8526}\\\phantom{\times999}12324\\\end{array}
Now multiply the first number with the 1^{st} digit in 2^{nd} number to get intermediate results. That is Multiply 2054 with 6. Write the result 12324 at the end leaving 0 spaces to the right like this.
\begin{array}{c}\phantom{\times9999}2054\\\underline{\times\phantom{9999}8526}\\\phantom{\times999}12324\\\phantom{\times999}4108\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 2054 with 2. Write the result 4108 at the end leaving 1 spaces to the right like this.
\begin{array}{c}\phantom{\times9999}2054\\\underline{\times\phantom{9999}8526}\\\phantom{\times999}12324\\\phantom{\times999}4108\phantom{9}\\\phantom{\times9}10270\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 2054 with 5. Write the result 10270 at the end leaving 2 spaces to the right like this.
\begin{array}{c}\phantom{\times9999}2054\\\underline{\times\phantom{9999}8526}\\\phantom{\times999}12324\\\phantom{\times999}4108\phantom{9}\\\phantom{\times9}10270\phantom{99}\\\underline{\phantom{\times}16432\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 2054 with 8. Write the result 16432 at the end leaving 3 spaces to the right like this.
\begin{array}{c}\phantom{\times9999}2054\\\underline{\times\phantom{9999}8526}\\\phantom{\times999}12324\\\phantom{\times999}4108\phantom{9}\\\phantom{\times9}10270\phantom{99}\\\underline{\phantom{\times}16432\phantom{999}}\\\phantom{\times}17512404\end{array}
Now add the intermediate results to get final answer.