In large bowl, combine dry ingredients.

Stir in oil, buttermilk, and eggs.

Add water and stir until combined.

Pour into a greased 13in. X 9 in. X 2 in. baking pan.

Bake at 350°F for 35 - 38 minutes or until a toothpick inserted near the center comes out clean.

Cool completely.

Frost.

Decorate with sprinkles if desired,