Knitting in the round starting with only 4 stitches

I am trying to avoid using DP needles to make a bookmarker. The pattern starts with 4 stitches, second row k1, m1 until 8 stitches. Can this be done using the magic loop method?

Cast on 4 stitches on a long circular needle. Divide for circular knitting. Yes it can be done I did it when I first learned how to do circular knitting using magic loop