Creating Funfetti Cake is straightforward when you follow these easy steps:

1. Preheat the Oven: Preheat your oven to 350°F (175°C). Grease and flour two 9-inch round cake pans.
2. Mix Dry Ingredients: In a bowl, sift together the flour, baking powder, and salt.
3. Cream Butter and Sugar: In a separate large bowl, beat the softened butter and granulated sugar until light and fluffy.
4. Add Eggs and Extracts: Incorporate the eggs, one at a time, followed by the vanilla extract. Mix until combined.
5. Combine Wet and Dry Ingredients: Gradually add the dry ingredients to the butter mixture, alternating with the milk. Beat until smooth.
6. Fold in Sprinkles: Gently fold the rainbow sprinkles into the cake batter, ensuring an even distribution.
7. Divide Batter: Divide the batter evenly between the prepared cake pans.
8. Bake: Place the pans in the preheated oven and bake for 25-30 minutes or until a toothpick inserted into the center comes out clean.
9. Cool: Remove from the oven and allow the cakes to cool in their pans for 20-25 minutes. After cooling, transfer them to wire racks to cool completely.
10. Prepare for Frosting: Once cooled, you can frost the cake as desired, using more sprinkles on top for decoration.