Preheat oven to 350°F. Spray Baker's Joy into bottom and sides of 3-8" cake pans.
In a small bowl, whisk together the flour and baking powder. Sprinkle in the coconut and toss to distribute equally and coat the flalkes.
In a stand mixer, whip butter until light and fluffy.
Mix in the sifted sugar.
Add eggs, one at a time. Blend in extracts.
Add buttermilk and dry ingredients alternately.
Place batter equally among 3-8"pans.
Bake for 28-30 minutes or until toothpick comes out clean when inserted in center.
Remove pans to a cooling rack for about 10 minutes. Run an offset spatula around the edges of the cake pans. Invert pan and place cake upright back on cooling racks until completely cooled. Make the frosting once cakes are cool enough to frost.