Party Cake - Iced Sliced Cake

CAKE: SUGAR, ENRICHED WHEAT FLOUR (WHEAT FLOUR, NIACIN, REDUCED IRON, THIAMINE MONONITRATE, RIBOFLAVIN, FOLIC ACID), EGGS, SOYBEAN OIL, WATER, BUTTER (CREAM [MILK], NATURAL FLAVOR), CANDY BITS (SUGAR, CORN SYRUP, CORN CEREAL, CORNSTARCH, HYDROGENATED PALM OIL, NATURAL AND ARTIFICIAL FLAVOR, RED #40, YELLOW #6, BLUE #1, YELLOW #5), FOOD STARCH-MODIFIED, WHEAT STARCH, DRY WHOLE MILK, LEAVENING (SODIUM ACID PYROPHOSPHATE, SODIUM BICARBONATE, MONOCALCIUM PHOSPHATE), NATURAL FLAVOR, SALT, SOY LECITHIN, XANTHAN GUM, CITRIC ACID, CELLULOSE GUM. ICING: ICING SUGAR (SUGAR, CORNSTARCH), BUTTERMILK (CULTURED LOWFAT MILK, NONFAT MILK, FOOD STARCH-MODIFIED, SODIUM CITRATE, LOCUST BEAN GUM, CARRAGEENAN, MONO- AND DIGLYCERIDES, SALT, VITAMIN A PALMITATE, VITAMIN D3), BUTTER (CREAM [MILK], NATURAL FLAVOR), PALM OIL SHORTENING, CORN SYRUP, GUAR GUM, NATURAL FLAVOR, MONO- AND DIGLYCERIDES.