Preheat oven to 350 degrees Fahrenheit. Grease and line a 8 inch square pan with parchment paper. In a medium mixing bowl, combine all the wet ingredients.
In a large mixing bowl, combine all the dry ingredients.
Stir the wet mixture into the flour mixture.
Pour cake batter into the prepared pan and bake for 30-35 minutes, or until the inserted toothpick in the center of the cake comes out clean.
(Optional) Spread cream cheese frosting on the cooled cake. Refrigerate for 30 minutes before serving to help the frosting to set and make cutting easier.
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Notes
Transfer to an airtight container and store in the refrigerator for up to 5 days. If frosted, let the cake sit at room temperature so the frosting softens. Or freeze for up to 3 months.