Coconut Milk Cupcakes, Two Ways

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For the cupcakes

1 cup (2 sticks) unsalted butter, softened

2 cups sugar

4 large eggs

3 cups sifted cake flour

3 teaspoons baking powder

1/2 teaspoon salt

1 cup coconut milk

1 teaspoon coconut extract

1/2 teaspoon pure vanilla extract

For the frosting

1 (8 ounce) package cream cheese, softened

1/2 cup (1 stick) butter, softened

2 cups powdered sugar

1 tablespoon coconut extract

Shredded, sweetened coconut

Unsweetened coconut flakes, toasted

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