Almond Cupcakes with Chocolate Coconut Frosting

For the cupcakes::

cake flour 2 1/2 teaspoons baking powder 1 teaspoon salt 1 stick unsalted butter, at room temperature 1 1/4 cups sugar 2 large eggs 1 teaspoon pure vanilla extract 2 teaspoon pure almond extract 1 cup coconut milk

For the frosting::

unsalted butter, at room temperature 2/3 cup cocoa powder 3 cups powdered sugar 1/2 cup coconut milk, plus more as needed 1 teaspoon coconut extract 1 cup toasted coconut (see note above)