Ingredients:
2 cups all-purpose flour
1/2 cup granulated sugar
1 tablespoon baking powder
1/2 teaspoon baking soda
1/2 teaspoon salt
1 teaspoon ground cinnamon
1/4 teaspoon ground nutmeg
1/4 cup unsalted butter, softened
3/4 cup milk
1 large egg
1 cup grated carrots
1/2 cup chopped walnuts or pecans (optional)

For the Cream Cheese Frosting:
4 ounces cream cheese, softened
1/4 cup unsalted butter, softened
1 cup powdered sugar
1 teaspoon vanilla extract
1-2 tablespoons milk (as needed for consistency)

Instructions: