Applesauce Raisin Cake

From Aunt Wendy Lester:

1/2 cup butter
1 cup sugar
1 cup chilled applesauce
2 cups all purpose flour
1 tsp. baking soda
1 tsp. ground cinnamon
1/4 tsp. ground cloves
1/2 cup raisins
1/2 cup chopped walnuts

Cream butter or margarine with sugar. Add applesauce; beat well. Stir in flour, soda, and spices. Add nuts and raisins. Pour the batter into a greased and floured 8 inch. square pan. Bake at 350 degrees F (175 degrees C) for 40 minutes, or until done. Cool completely. frost with butter cream or cream cheese frosting.