Shown with a cast-on count of 108 stitches.  

• Round 1: K8, k2tog, [k10, k2tog] 8 times, k2 (99 sts).
• Rounds 2, 4, 8, 10, 14, 16, 20, 22, 26, and 28: Knit.
• Round 3: K2, k2tog, *k9, k2tog, repeat from * to last 7 sts, k7 (90 sts).
• Round 5: K3, k1 below, *k4, k1 below, repeat from * to last st, k1.
• Rounds 6, 12, 18, 24, and 30: Purl.
• Round 7: K4, k2tog, *k8, k2tog, repeat from * to last 4 sts, k4 (81 sts).
• Round 9: *K7, k2tog, repeat from * (72 sts).
• Round 11: K1, k1 below, *k3, k1 below, repeat from * to last 2 sts, k2.
• Round 13: K1, k2tog, *k6, k2tog, repeat from * to last 5 sts, k5 (63 sts).
• Round 15: K4, k2tog, *k5, k2tog, repeat from * to last st, k1 (54 sts).
• Round 17: *K2, k1 below, repeat from *.
• Round 19: *K4, k2tog, repeat from * (45 sts).
• Round 21: K1, k2tog, *k3, k2tog, repeat from * to last 2 sts, k2 (36 sts).
• Round 23: K1 below, *k3, k1 below, repeat from * to last 3 sts, k3.
• Round 25: *K2tog, k2, repeat from * (27 sts).
• Round 27: *K2tog, k1, repeat from * (18 sts).
• Round 29: *K1, k1 below, repeat from *.
• Round 31: [K2tog] 9 times (9 sts).