Homemade Cherry Chip Cake

Name: Homemade Cherry Chip Cake
Prep time: 25 min
Cook time: 30 min
Total time: 55 min
Cuisine: American
Ingredients: ½ cup maraschino cherries, (finely chopped); ⅓ cup maraschino cherry juice; 2½ cups cake flour; 1 tablespoon baking powder; ½ teaspoon salt; 8 tablespoons salted sweet cream butter, (softened); 1½ cups granulated sugar; 4 extra-large egg whites, (room temperature); 1½ cups whole milk; 1 teaspoon clear vanilla flavoring; ½ teaspoon almond extract; 1 to 2 drops red food color; 1 tablespoon cake flour; ½ cup unsalted butter, (softened); ½ cup vegetable shortening; 4 cups powdered sugar; 4 to 5 tablespoons half-and-half; 8 maraschino cherries with stems, (optional garnish)