In a mixing bowl, add sugar, butter, almond extract, vanilla and eggs. Beat uniformly combined. Then add all-purpose flour, baking powder and baking soda. Mix well. Add almonds & chopped candied green and red cherries.
Gently knead 2 to 3 minutes or until dough holds together.
Cut in two and shape each half into 10×3-inch rectangle with rounded corners.
Bake at 350 F about 25 minutes or until the center of the dough is firm to the touch.
Cool for 15 minutes, bias-cut with a serrated knife into ½-inch slices.
Bake for 15 minutes or until crisp light browned.
Cool completely. Top with glaze or other decorations as desired.
For glaze: Add all ingredients and mix until reach desired consistency, add more water if necessary.