Final answer:
B. My favorite cake is made of carrots, flour, butter, eggs, and cream cheese icing. The correct sentence with the correct colon punctuation is: My favorite cake is made of carrots, flour, butter, eggs, and cream cheese icing.
Step-by-step explanation:
The correct sentence with the correct colon punctuation is:
Answer B: My favorite cake is made of carrots, flour, butter, eggs, and cream cheese icing.
A colon is used to introduce a list of items directly related to the preceding independent clause. In this sentence, the independent clause is 'My favorite cake is made of carrots, flour, butter, eggs, and cream cheese icing.' The colon is then used to indicate that the list of ingredients is directly related to the cake being described.