Coconut Cake

Name: Coconut Cake
Prep time: 30 min
Cook time: 20 min
Total time: 50 min
Cuisine: American, Southern
Ingredients: 1 cup unsalted butter (softened at room temperature); 1 cup granulated white sugar; 3 large eggs (at room temperature); 2 teaspoons coconut extract; 1 teaspoon vanilla extract; 1/2 cup cream of coconut; 2 cups all purpose flour; 2 teaspoons baking powder; 1/2 teaspoon salt; 3/4 cup unsweetened coconut milk (lite or regular); 1 cup sweetened shredded coconut; 1 cup salted butter (softened at room temperature); 8 ounces cream cheese (softened at room temperature); 5 cups powdered sugar; 2 Tablespoons heavy cream (optional); 2 cups sweetened shredded coconut