When piece measures 7 1/4 inches from the beginning, decrease for the crown while maintaining the stripe pattern:

Decrease Round: (With Color A) *K3, k2tog, repeat from * to end of round. (112 st)

Knit 1 round.

Decrease Round: *K2, k2tog, repeat from * to end of round. (84 st)

Knit 1 round.

Decrease Round: *K1, k2tog, repeat from * to end of round. (56 st)

Knit 1 round.

Decrease Round: *K2tog, repeat from * to end of round. (28 st) (You can switch to double pointed needles for this round, although I managed to awkwardly knit this round with the 16" circular.)

Knit 1 round.

Cut Color B's tail, and thread it through the remaining 28 stitches. Pull tight and bring the tail to the inside and weave it in. Leave Color A coming out the top of the hat.