Shown with a cast-on count of 60 stitches.  

• Rounds 1-5: *P1, k1 tbl, repeat from *.
• Rounds 6, 8-10, 12-15, 17-19, 21-23, 25-26, 28-29, 31, and 33-34: Knit.
• Round 7: K2tog, k38, k2tog, knit (58 sts).
• Round 11: K2tog, k38, k2tog, knit (56 sts).
• Round 16: K2tog, k38, k2tog, knit (54 sts).
• Round 20: K2tog, k38, k2tog, knit (52 sts).
• Round 24: K2tog, k38, k2tog, knit (50 sts).
• Round 27: K2tog, k38, k2tog, knit (48 sts).
• Round 30: K2tog, k38, k2tog, knit (46 sts).
• Round 32: K2tog, k38, k2tog, knit (44 sts).
• Round 35: K9, k2, p7, k2 tbl, p7, k2, k7, k2tog, k6 (43 sts).
• Round 36: K9, k2, p7, k2 tbl, p7, k2, k6, k2tog, k6 (42 sts).
• Round 37: K9, k2, p7, k2 tbl, p7, k2, k6, k2tog, k5 (41 sts).
• Round 38: K9, k2, p7, k2 tbl, p7, k2, k5, k2tog, k5 (40 sts).
• Round 39: K9, k2, p7, k2 tbl, p7, k2, k5, k2tog, k4 (39 sts).
• Round 40: K9, k2, p7, k2 tbl, p7, k2, k4, k2tog, k4 (38 sts).
• Round 41: K9, k2, p7, k2 tbl, p7, k2, k4, k2tog, k3 (37 sts).