Preheat oven to 350°F (175°C). Grease and line cake pans with parchment paper.
In a large bowl, whisk together cake flour, sugar, baking powder, and salt.
Add softened butter, vegetable oil, and additional neutral oil to the dry ingredients. Mix until the mixture resembles damp sand.
In another bowl, whisk together milk, sour cream, egg whites, cotton candy extract, vanilla extract, clear vanilla extract, almond extract if using, butter extract, and lemon juice.
Add wet ingredients to the dry mixture in two additions, mixing just until smooth after each addition.
Tint batter pastel pink with gel food coloring. For a subtle swirl effect, tint a small portion a slightly deeper pink and gently swirl into the batter.
Divide batter evenly between prepared pans.
Bake for 22–28 minutes or until a toothpick inserted into the center comes out clean.
Cool cakes in pans for 10 minutes, then transfer to wire racks to cool completely.