4th of July Cake

Name: 4th of July Cake
Prep time: 1 h 30 min
Cook time: 55 min
Total time: 2 h 25 min
Cuisine: American
Ingredients: 1 Betty Crocker Super Moist White Cake Mix; 3 egg whites; 1/4 cup water; 1 1/3 cups coconut milk well shaken and stirred (from a 14 ounce can, reserve rest for frosting); 1/2 cup sweetened coconut (very finely chopped); red and blue gel food coloring; .; 10 ounces Wilton Coconut Candy Melts*; 2 2/3 cup powdered sugar; 1/2 cup (1 stick) butter, (softened); remaining coconut milk (from the cake mix ingredients) - (a little more than 1/3 cup); 10 ounces White Candy Melts (if you use a 12 ounce bag, remove 24 of the wafers); remaining coconut milk from 14 ounce can used for cake mix (a little more than 1/3 cup); 1/2 cup (1 stick) butter, ( softened); 12 drops Wilton Toasted Coconut Flavoring or coconut extract; 2 ounces Wilton Red Candy Melts, finely chopped; 2 tablespoons heavy whipping cream; 2 teaspoons light corn syrup; 2 ounces Wilton Blue Candy Melts (finely chopped); white frosting or white modeling chocolate (candy clay)