Two-layer Cake with Balloons and Candy Sequins

powdered sugar, sugar, enriched wheat flour bleached flour, niacin, iron, thiamine mononitrate, riboflavin, folic acid, eggs, palm oil, canola oil, water, egg whites, soybean oil, invert sugar, arabic gum, artificial flavor, beta carotene, blue 1, blue 1 lake, blue 2 lake, carrageenan, cellulose gum, citric acid, confectioner s glaze, corn flour, corn syrup, corn starch, dextrose, food starch modified, glycerin, guar gum, leavening baking soda, monocalcium phosphate, sodium acid pyrophosphate, sodium aluminum phosphate, medium chain triglycerides, mono and diglycerides, nonfat milk, partially hydrogenated soybean and or cottonseed oil, polysorbate 60, polysorbate 80, potassium sorbate and sodium propionate and sorbic acid, propylene glycol mono and diesters of fatty acids, red 40, red lake 40, rice flour, salt, sodium stearoyl lactylate, sorbitol, soy flour, soy lecithin tartaric acid, tragacanth gum, whey, xanthan gum, yellow 5, yellow 5 lake yellow 6