What is 501 Divided by 97 using Long Division?

$$ \begin{array}{rl} & 005 \phantom{00} \leftarrow Quotient \\[-4pt] Divisor \rightarrow \phantom{0} 97 \kern-1ex & \kern-1ex \enclose{longdiv}{501} \phantom{0} \leftarrow Dividend \\[-4pt] & \phantom{} \underline{\phantom{} 0\phantom{0}} \\[-4pt] & \phantom{} 5 0 \\[-4pt] & \phantom{} \underline{\phantom{0} 0\phantom{0}} \\[-4pt] & \phantom{} 50 1 \\[-4pt] & \phantom{} \underline{\phantom{} 485\phantom{0}} \\[-4pt] & \phantom{0} 16 \phantom{0} \leftarrow Remainder \\[-4pt] \end{array} $$