Shown with a cast-on count of 37 stitches.  

• Rows 1, 3, 5, 7, 9, 11, 13, 15, 17, 19, 21, 23, 25, and 27 (WS): Purl.
• Rows 2, 4, 6, 8, 10, 12, 14, 16, 18, 20, and 22: [K2tog, yo] 8 times, k5, [yo, ssk] 8 times.
• Row 24: Knit.
• Row 26: [Yo, ssk] 8 times, k5, [k2tog, yo] 8 times.
• Rows 28, 31, 33, 35, 37, and 39: Purl.
• Rows 30, 32, 34, 36, 38, and 40: [Yo, ssk] 8 times, k5, [k2tog, yo] 8 times.