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Preheat oven to 350 degrees, and grease two 9 inch round cake pans
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Beat together the sugar and butter until light and fluffy. Beat in the egg whites, and egg.
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In a separate bowl, mix together the flour, cornstarch, salt, and baking powder.
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In a separate bowl, mix together the heavy cream, vanilla, and almond extract.
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Add the flour mixture alternating with the cream mixture, starting and ending with the flour. Mix until fully combined.
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Pour into cake pans, and bake for 18-22 minutes, or until a cake tester comes out clean. Allow to fully cool before frosting.